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Gap shares surged Friday after the clothing retailer posted quarterly profit and revenue that topped downbeat Wall Street expectations. The stock climbed about 30% in early trading Friday, on ...
First-quarter gross margin jumped 410 basis points to 41.2%. At Old Navy, comparable sales grew 3% compared with 1% decline a year ago, while Gap logged 3% growth.
But signs of a turnaround for its Old Navy division offered at least something to cheer about. Overall revenue in the quarter for Gap Inc. fell 7% in the period over last year to $3.8 billion.
I carefully sifted through two of our readers' favorite retailers, Old Navy and Gap, and selected an assortment of pieces that give me French Riviera vibes. There's an elegant white poplin ...
I visited Gap, Banana Republic, and Old Navy — all owned and operated by parent company Gap Inc. — to try on similar linen-blend dresses and find the best overall value.
We are lowering our fair value estimate on Gap’s shares to $25 from $26. The firm suffered dismal results in 2022’s second quarter due, primarily, to inventory issues at Old Navy. Over the ...
The Gap, Inc. GAP is advancing its digital transformation by partnering with American technology company Radar to enhance inventory management at Old Navy, its largest brand.
Earnings Results Gap shares rally as discounted prices ease and Old Navy sees sales gains Executives point to ‘improved promotional activity’ during the quarter, following months of price cuts ...
At Gap, he will face serious challenges, including recent underperformance at Old Navy and Athleta, and the chronic search for relevance at Gap Global and Banana Republic.
Nov 17 (Reuters) - Shares of Gap GPS.N surged 20% in premarket trading on Friday as investors cheered signs that the apparel maker's efforts to bring in trendier and in-demand clothing at its Old ...