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$WSM's 1Q16 net revenue grew 6.5%, driven by West Elm, International businesses and emerging brands, all of which grew revenue YoverY in excess of 25%. eCommerce channel net revenue grew 8.2% driven by West Elm and the Williams-Sonoma brands. Retail channel net revenue rose 4.7%, driven by West Elm and international businesses.
$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.