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Daniel Hofkin of William Blair asks about $ULTA's comp acceleration. CEO Mary Dillon said it was due to a combination of factors but a major driver was the 25% increase in the members of the Ultimate Rewards program. $ULTA also feels positive about its demand creation tools.
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.