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New York design house $COH, in FY15, reduced the number of retail stores and total square footage, as it continues to optimize real estate position. $COH expects this trend to continue in the next fiscal year with the expected closure of about 15-20 North America retail stores in FY16, attributable to its transformation plan.
$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.