Want to join the conversation?
During 2Q16, $GPS said it opened 19 and closed 22 company-operated stores. Square footage of company-operated stores was down about 1% compared with a year ago. $GPS ended 2Q16 with 3,730 store locations in 52 countries, of which 3,273 were company-operated. The company continues to expect net closures of about 50 company-operated stores in FY16.
$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.