Want to join the conversation?
$KSS said on a regional basis, the Northeast, Mid-Atlantic, Southeast and Midwest were the strongest. The West and South Central were the most difficult regions. Gross margins decreased approx. 140 BPs for 1Q16, about 10 BPs better than guided in 4Q15. Most of the margin decrease was due to clearance markdowns taken to clear excess merchandise.
$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.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?