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Deutsche Bank analyst Paul Trussell questions about 2Q16 merchandise margins vs. expectations. $JWN says that overall merchandise margins in its Nordstrom brand were roughly equal to last year. Most of the impact the company had in negative merchandise margins came through the off-priced business.
$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.