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CEO Ron Boire said $BKS expects its marketing, merchandising and Membership initiatives will lead to increased traffic and conversion in stores for FY17 and beyond. $BKS plans to open four new concept stores opening later this year, beginning with the first store opening this October in Eastchester, NY, Boire added.
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.