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$KSS expects to close 18 underperforming stores in 2016, representing less than 1% of total sales. The closures are expected to generate annual SG&A savings of approx. $45MM and annual depreciation savings of approx. $10MM. $KSS expects to incur approx. $150-170MM in charges as a result of these planned closures.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.