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Mitch Kummetz of B. Riley asks for an update on Initial Markup Unit (IMU). $FL CFO Lauren Peters said that the IMU has really stabilized and has been pretty stable for the last several quarters. The company is past the point where shift in category and brand mix is impacting the IMU, added Lauren.
$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.