Want to join the conversation?
$RL opened 14 directly operated stores in 2Q16. This brings the total of 20 new directly operated stores for 1H16 and $RL is on track to open 40-50 new stores for FY16. During the quarter $RL saw double-digit comp growth in Scarves and belts and $RL is continuing to focus on these categories for disproportionate growth.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.