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In 2Q16, $AEO said it opened 5 stores and closed 7 stores, while internationally, the company opened 13 licensed stores. Total merchandise inventories at the end of 2Q16 rose 3% to $422MM, due in part to accelerated receipts to support $AEO's marketing programs. For 3Q16, qtr. ending inventory at cost is expected to be up in the low-single digits.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!