Glenn Murphy


July Retail Comp Sales Give Surprising Results

Do July comparable store sales indicate good things for the back to school season?

New York—Credit the stifling temperatures in many parts of the nation that sent consumers indoors seeking refuge in the cool of … [Read more...]

A “Volatile” June Makes for Disappointing Sales Comps

Retail Sales

New York—A combination of bad weather mixed with “stagnant” macroeconomic pressures created a recipe for a disappointing June at … [Read more...]

April Retail Comp Sales: Worst in 2 Years

Retail Sales

New York—After better-than-expected comparable store sales results in February and March, April disappointed. In fact, comparable … [Read more...]

March Retail Gets Boost from Easter Sales

Easter Shopping

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...]

February Comp Sales Surprise as Consumer Confidence Rises

Retail Sales

New York—Surprisingly strong comparable store sales results in February are being chalked up to a warmer, drier month that spurred … [Read more...]

Gap Posts 40% Drop in Q4 Profit, but Beats Forecast

Looks from The Gap's spring collection

San Francisco—Despite a 40% drop in income during its fourth quarter, Gap Inc. reported its latest results that actually beat … [Read more...]

December Comp Sales Rise 3.3% on Mixed Holiday Results

Blizzard Tarnish December Retail Sales

New York—“Sales were decent but not great.”That’s how Ken Perkins, president of Retail Metrics, summed up today’s December … [Read more...]

Gap Inc. Q3 Profit Sinks 36%, Sales Falter

Gap Holiday 2011

San Francisco— Amid turnaround plans that include shuttering nearly 200 stores and downsizing others in North America to … [Read more...]

Gap to Close 189 U.S. Stores as International Expansion Looms

A Gap store opened in Shanghai last year. Another 10 stores are planned for China.

San Francisco—Saying that it may be “over-penetrated” in the U.S. market, Gap Inc. management told investors Thursday that they … [Read more...]

Despite Uncertainty, September Retail Comps Rise

Retail Sales

New York—Despite the daily drumming about economic uncertainty, comparable store sales continued to increase for most U.S. … [Read more...]

Despite Irene, August Retail Comp Sales Rise

Bloomingdale's Manhattan flagship boarded up ahead of Hurricane Irene's landfall last week.

New York—While Hurricane Irene may have dampened retail sales especially on the East Coast, the storm didn’t hinder sales at … [Read more...]

Gap Q2 Profit Plunges 19% Yet Still Beat Estimates

Gap Inc.

San Francisco—While Gap Inc. reported Thursday that its second quarter profit plunged 19%, the specialty retailer beats estimates … [Read more...]