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Edward Plank of Jefferies asks about store closings. CFO Ed Wilhelm said $FINL closed 60 stores to date in its store closing program, 54 last year and 6 this year. He added that the company is tracking towards its goal. He also said the more difficult transfer is retaining and transferring the Winners Circle customer.
$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.