Retail Roundup—Apple gets $208M tax break; Uniqlo on IT hiring spree

Ohio gives Apple a $208M tax break

Apple gets $208M tax break

Iowa is going to give Apple a $208 million tax break to build two data storage centers in Des Moines and create at least 50 jobs. In addition, Apple has agreed to buy 2,000 acres of land for the $1.4 billion project, enough to allow for future development. (Bloomberg)

Big Lots sees bright spot in home, furniture

While Big Lots reported a 1.8% increase in comparable sales for the quarter, the real bright spot came in the departments of home and furniture, which both increased about 5% from last year. Food was down again as the category continues to face a competitive market due to online entrants and declining foot traffic. (Seeking Alpha)

Uniqlo goes on IT hiring spree

Tadashi Yanai, the chairman and president of Uniqlo, wants to embark on a digital renovation for the retailer, which includes AI in factories and analyzing big data. As a result, he is seeking to hire a group of experienced IT specialists who can help improve operational efficiency and create innovative systems. (Nikkei)

Uber courting new CEO

Expedia CEO Dara Khosrowshahi has been offered the position of new CEO at Uber. The offer comes a few months after Uber CEO Travis Kalanick quit under pressure from investors after a scandalous year of a sexual harassment case, mass firings and departures and questions about management skills. (NBC News)