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$KR's GM rate, as a percentage of sales, was 22.32% for 3Q15 vs. 20.90% same period last year. The increase was driven primarily from a decrease in retail fuel sales and reductions in transportation costs as a percentage of sales. For the YTD period ended Nov. 7, 2015, FIFO GM was 22.02% vs. 20.94% for the corresponding period a year ago.
$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.