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Dana Telsey with Telsey Advisory asks about private label and the initiatives for 2016. $M CFO Karen Hoguet says that it is a major strategy for the company and has been a big strength historically. $M is investing in certain categories to move faster and take complexity out of the processes between merchants and product designers.
$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.