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For 2Q16, $EXPR expects comparable sales to be in the negative mid single digits range and operating margins to contract by approx. 250BP. For FY16, comparable sales are expected to be negative mid single digits to negative low single digits. Capex is expected to be $110-115MM in 2016.
$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.