Glenn Murphy


June Retail Comps: Best Since January

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New York—While fewer than a dozen major retailers, accounting for some 6% of the $2.4 trillion in U. S. retail sales, still report … [Read more...]

Gap Inc. Boasts 43% Jump in Q1 Profit on Strong Sales

White essentials and accessories at Gap this summer

San Francisco—Gap Inc.’s turnaround plans seem to be right on schedule. The specialty retailer reported Thursday afternoon that … [Read more...]

Gap Inc.’s April Comp and Q1 Sales Beat Forecasts

Gap Inc.

San Francisco—Buoyed by sales at its Gap and Old Navy stores, Gap Inc. reported Thursday afternoon April comparable store sales … [Read more...]

Gap Inc. Outlines Global Growth Plans, Including Old Navy Franchises

Old Navy

San Francisco—In its bid to move from being “America-centric” to “global-centric,” Gap Inc. plans to step up international … [Read more...]

Comp Store Sales Gains in North America Boost Q4 Profit for Gap Inc.

Old Navy

San Francisco—Boasting its best holiday quarter in six years, Gap Inc. today reported increased fourth quarter earnings aided by … [Read more...]

January Comp Sales Rise, Easily Beating Forecasts

JANretail

New York—Whether it was the U.S. Congress finally averting the so-called fiscal cliff in early January, a spate of Arctic cold … [Read more...]

Good Tidings: December Comp Sales Better Than Expected

Even post-Christmas shopping helped some retailers beat sales forecasts. Others weren't so lucky.

New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations … [Read more...]

Gap Inc. Goes Upscale with $130 Million Purchase of Intermix

Intermix has developed a reputation on targeting key trends.

San Francisco—While its Gap, Old Navy and Banana Republic brands are amid a repositioning, Gap Inc. today announced it bought the … [Read more...]

Sandy Dampens November Comp Store Sales Reports

Saks Fifth Avenue's flagship Fifth Avenue store boarded up and closed as Hurricane Sandy crashed into the New York metro area on Oct. 29.

New York—Thankfully, many U.S. retailers reported today that their holiday shopping seasons, particularly since Thanksgiving, are … [Read more...]

Turnaround on Track: Gap Inc. Reports Q3 Profit Surge

From Gap's new holiday TV commercial

San Francisco—Gap Inc.’s efforts to improve its U.S. sales with more fashionable merchandise apparently are paying off. On … [Read more...]

Gap Inc. to Realign in New Global Structure

Gap Inc.

San Francisco—In a move that emphasizes its global expansion plans, Gap Inc. announced Tuesday it plans to realign its … [Read more...]

Gap Inc. Rebounds, Posts Solid Q2

Fall merchandise arrives at Banana Republic

San Francisco—Gap Inc. appears to be rebounding from its 16% sales drop in 2011: the apparel specialty retailer reported Thursday … [Read more...]