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Clothing chain $GPS reported a drop in 1Q16 earnings due to lower sales as well as a negative impact of translation of foreign currencies into U.S. dollars. Net income fell to $127MM or $0.32 per share from $239MM or $0.56 per share last year. Net sales dropped to $3.44Bil from $3.66Bil. Comparable sales were down 5%.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!