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For FY15, $WFM produced sales per gross square foot of $970, $1.3Bil of EBITDA, a record $1.1Bil in cash flow from operations and a 15% ROIC. Through strong balance sheet and robust cash flows, the company self-funded its new store development and strategic growth initiatives and ended the year with approx. $582MM in cash and investments.
$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.