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Adrienne Yih of Wolfe Research asks about fashion trends in the segments. $URBN CEO Dick Hayne said that both Free People and Urban Outfitters are in the sweet spot with fashion. He also stated that the company is confident that Anthropologie is going to get there, which might take an extra couple of months.
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.