New York—A warmer than usual November along with consumers holding off spending for Black Friday weekend resulted in mixed … [Read more...]
Gap Inc.
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...]
November 18, 2011 -
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...]
November 3, 2011 -
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...]
October 14, 2011 -
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...]
September 8, 2011 -
Despite Irene, August Retail Comp Sales Rise
New York—While Hurricane Irene may have dampened retail sales especially on the East Coast, the storm didn’t hinder sales at … [Read more...]
September 1, 2011 -
Gap Q2 Profit Plunges 19% Yet Still Beat Estimates
San Francisco—While Gap Inc. reported Thursday that its second quarter profit plunged 19%, the specialty retailer beats … [Read more...]
August 19, 2011 -
July Retail Sales Surprise, Stronger Than Expected
New York—Although July retail sales were down from a year ago, many retailers defied doom and gloom expectations to post … [Read more...]
August 4, 2011 -
Executive Shuffle: Coach, Gap Inc., Tommy Hilfiger, Sears Canada
Coach Taps PepsiCo Executive as CFO New York--Coach named Jane Nielsen as its new executive vice president and chief financial … [Read more...]
July 29, 2011 -
June Retail Sales Prove Robust
New York—Helped by promotions, warmer weather and lower gas prices, June retail sales exceeded retail analysts’ estimates as … [Read more...]
July 7, 2011 -
Saks to Open Store in Kazakhstan
New York—Expansion by American retailers is going far beyond Western Europe, Greater China and Japan. A perfect example is Saks … [Read more...]
July 5, 2011 -
May Same Store Sales Increase Albeit Modestly
Washington—May retail sales rose again last month, but less than retail analysts had hoped as rising costs and gasoline prices … [Read more...]
June 3, 2011 -
