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On Tuesday, Gap declined to update its full-year profit outlook. But similar to other retailers, it warned of a challenging end to the second quarter. Gap said it expects sales to decline in the ...
For years, what kept Gap Inc. from imploding was the hot growth of Old Navy and Athleta, which compensated for the chronic declines of its two other brands—notably the Gap, whose sales are ...
Since 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old ...
Gap Inc.'s net sales were up 2% in the third quarter and comps were up 1%. Old Navy posted a flat comp in the quarter with the seventh consecutive quarter of market share gains.
Wall Street analysts rerated Gap, Inc (NYSE:GAP) after the company reported upbeat third-quarter print Thursday. The company reported sales of $3.829 billion, beating analyst consensus of $3.812 ...
Overall revenue in the quarter for Gap Inc. fell 7% in the period over last year to $3.8 billion. But that was better than analysts estimates for revenue to come in at $3.6 billion, according to ...
Shares of the Banana Republic parent rose about 2% in early trade. As of Jan. 28, the apparel chain had about 95,000 employees, according to a regulatory filing. Mass layoffs to rein in costs have ...
Hit by higher costs, macro headwinds and choppy waters at Old Navy, Gap Inc. went into the red in the first quarter of this year, reporting a net loss of $162 million, or 44 cents per diluted ...