New York—While last month may have been the warmest March in more than 50 years, what really helped lift March retail sales were … [Read more...]
Gap Inc.
February Comp Sales Surprise as Consumer Confidence Rises
New York—Surprisingly strong comparable store sales results in February are being chalked up to a warmer, drier month that … [Read more...]
Gap Inc. to Expand in Latin America
San Francisco—With its eye on expanding globally to offset its weaken domestic business, Gap Inc. today announced that it opened … [Read more...]
Online Sales to Comprise 9% of All Retail by 2016
New York—With Cyber Mondays hitting all time sales records over the last two years, it should come as no surprise that online … [Read more...]
Gap Posts 40% Drop in Q4 Profit, but Beats Forecast
San Francisco—Despite a 40% drop in income during its fourth quarter, Gap Inc. reported its latest results that actually beat … [Read more...]
Executive Changes: Walmart, Old Navy, JCPenney, Lane Bryant, Laura Ashley
Rosalind Brewer to Head Sam's Club; Internal Promotions at Walmart Bentonville, AR—Rosalind Brewer, who has been president of … [Read more...]
Black Friday Success Bolsters November Retail Comps
New York—A warmer than usual November along with consumers holding off spending for Black Friday weekend resulted in mixed … [Read more...]
Gap Inc. Q3 Profit Sinks 36%, Sales Falter
San Francisco— Amid turnaround plans that include shuttering nearly 200 stores and downsizing others in North America to … [Read more...]
October Comp Sales Up, But Still Disappointing
New York—Major retailers reported today their October comparable store sales were up 3.4% in total from last year, but below … [Read more...]
Gap to Close 189 U.S. Stores as International Expansion Looms
San Francisco—Saying that it may be “over-penetrated” in the U.S. market, Gap Inc. management told investors Thursday that … [Read more...]
Gap Inc. Expands into Russia, Serbia
San Francisco--Gap Inc. is continuing its aggressive global expansion with the opening of the first Banana Republic store in … [Read more...]

