Want to join the conversation?
$BABA 1Q16 Q&A: Leung of BofA asked about conversion rate, basket size, and order frequency on mobile vs. PC. Joseph said, BABA manages its business as a whole and don’t separate PC and mobile behaviour. On mobile people tend to visit more frequently, but spend less time. In mobile GMV, avgerage basket value is still smaller than PC.
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.