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$FINL said it expects product margin headwinds and SG&A deleverage to continue into 2Q17, with opportunities for product margin improvement and SG&A leverage in 2H17. The SG&A deleverage in 2Q17 is inclusive of incremental supply chain costs, which are expected to be approx. $2MM.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.