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$JWN's retail gross margin for 1Q16 decreased by 165 basis points from last year, primarily due to higher markdowns to better align inventory to current trends. Retail gross profit declined by $25MM, primarily due to decreased sales at its U.S. full-line stores and higher markdowns across most channels.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.