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$GWW's 1Q16 net sales grew 3% versus 1Q15, mainly driven by the Cromwell acquisition in Sept. 2015 and single channel online businesses in the US and Japan. On a daily basis, sales rose 1%. eCommerce sales grew 15% in 1Q16 and represented 45% of total sales, mainly due to an increase in sales via EDI and electronic purchasing platforms in the US.
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.