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$GCO said that 1Q17 inventory was down 13% YoverY on a sales decrease of 2%. Excluding Lids Sports, inventory was down 6% with retail square footage up 3% and sales up 3%. Journeys inventory was extremely clean and when not including Little Burgundy, it was down over 1Q16 level. Including Little Burgundy, Journeys inventory was up 3%.
$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.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?