Old Navy


Black Friday Success Bolsters November Retail Comps

Black Friday Shoppers 2011

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

Gap Holiday 2011

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

October Sales

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

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...]

July Retail Sales Surprise, Stronger Than Expected

Shopping

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

Appointments

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...]

February Retail Sales Beat Estimates

Retail Sales

New York—Despite rising gasoline prices and bad weather in much of the country, same store retail sales rose 4.3% in February, … [Read more...]