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$TSCO said it had a challenging 2Q16 due to unfavorable weather conditions. Net sales grew 4.5% and comp store sales declined in the quarter, with April and May impacted due to unfavorable weather and tough comparisons from prior year. Sales were weakest in the northern regions where unseasonably cool temperatures reduced demand for spring items.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.