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For 4Q16, $KORS expects total revenue to be $1.13-1.15Bil including approx. $36MM of additional sales due to its 53rd week. On constant currency basis, total revenue is expected to increase in the high single-digit range assuming an impact of approx. $20MM from the change in foreign currency rates. $KORS expects lower licensing revenues for 4Q16.
$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.