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$GCO said that in the UK, shoe felt comp pressure throughout 1Q17 which resulted in comps being down 5%. The business battles an exceptionally sluggish retail environment that also affected many other UK retailers. Consumer demand in general was very promotionally driven amid weak consumer confidence.
$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.