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During 3Q15, $KSS' gross margin decreased slightly, down 10 BPs and is flat YTD. Merchandise margin increased for the quarter, but was offset by an increase in shipping cost as $KSS continue to grow its online business. Depreciation expense was $236MM for the quarter, $9MM higher than last year, primarily due to higher IT amortization.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.