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Sharon Zackfia of William Blair asks an update on the e-com channel. $LULU CFO Stuart Haselden replied that the penetration has the potential to grow well above 20%, easily could reach 25% or 30%. In 2H16, when the full capabilities of its CRM efforts are brought online, $LULU is going to see healthy trends in the e-com sales trend, added Stuart.
$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.