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$HIBB said the company continues to see improvement in its merchandise margin rates, driven by improved systems and promotional management. During 2Q16, the company's merchants did good of capitalizing on current footwear trends and maximizing key drivers in other areas. $HIBB's apparel business was down low single digits for the quarter.
$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.