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Discount retailer giant $TGT said that 2Q16 traffic affected sales in all of its merchandise categories. Consistent with 1Q16, the company saw higher than normal variability in sales patterns. $TGT faced some challenges like double-digit declines in electronics comp sales and grocery business being negatively impacted by food deflation.
$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.