Glenn Murphy

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...]

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...]

Executive Shuffle: Coach, Gap Inc., Tommy Hilfiger, Sears Canada


Coach Taps PepsiCo Executive as CFONew York--Coach named Jane Nielsen as its new executive vice president and chief financial … [Read more...]

Gap Inc. Q1 Profits Slump on Unanticipated Expense Increases

Gap logo

San Francisco—Citing production costs 20% higher than a year ago, Gap Inc. reported Thursday that its first quarter profit slumped … [Read more...]

Gap Inc. Centralizes Global Operations Ahead of Overseas Push

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

San Francisco--Gap Inc. is consolidating its international operations into one unit based in London as part of a major push to … [Read more...]

March Sales Increase Modestly

Retail Sales

New York—While bad weather, rising gasoline prices and a later Easter lead retail analysts to forecast March retail sales would … [Read more...]

Q4 Profit Updates: JCPenney Jumps, Gap Improves

JC Penny

JCPenney Posts 35% Q4 Profit Increase Plano, TX—JCPenney posted today a 36% increase in its fourth quarter profit as sales of … [Read more...]

Gap Names Art Peck New President

Art Peck, president of the Gap

San Francisco--Gap Inc named Art Peck as president of Gap North America replacing Marka Hansen, and the retailer said it would … [Read more...]

Gap Reaffirms Full Year Estimate Despite Q3 Profit Fall

Gap Inc.

San Francisco--The cost of expanding its business overseas has dragged on Gap Inc's third quarter, after the specialty clothing … [Read more...]

Rise in Sales Gives Gap 3% Profit Lift in 2Q

Gap Inc.

San Francisco--Gap Inc. has reaffirmed its full-year earnings guidance after higher sales at the Old Navy and Banana Republic … [Read more...]

Gap Inc. Q1 Profit Jumps 40%

The Gap

San Francisco--Gap Inc. has raised its earnings guidance for the year ahead after posting a 40% jump in first quarter profit … [Read more...]