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$WMT's Sam's Club comp sales were at the low end of the guidance and ticket grew 70 BP. Technology and entertainment was pressured due to a decline in wireless, while health and wellness & consumables profited from innovation and newness. $WMT expects comp sales, excluding fuel, for the 13-week period ending Jan. 29, 2016 to be flat to up 1%.
$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.