Want to join the conversation?
Clothing retailer $GPS said FY15 net sales fell 4% versus FY14, due to the weakening of the Canadian dollar and Japanese yen against the US dollar, and a decrease in net sales mainly at Gap and Banana Republic. Gap Global sales fell 7% and Banana Republic sales fell 9%, while Old Navy Global sales grew 1% in 2015.
$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.