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$CATO reported sales of $81.9MM for the four weeks ended April 30, 2016, a 3% decrease from the year ago period. Same-store sales decreased 3% for the month. April sales were impacted by the shift of Easter from early April last year to mid-March this year, the company said.
$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.