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$JWN said that its e-commerce business now represents over 20% of total sales. The company is currently refining its online assortments with a focus on unit profitability. In addition, the company expects CapEx to be roughly $900MM for 2016, with one-third allocated to Canada and Manhattan.
$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.