Gap Inc (GPS.N)
27 May 2016
NEW YORK Some of the best deals at big retailers like Macy's, Staples and Gap are not in their stores but on the stock market: their dividends are through the roof.
May 19 Gap Inc said it would shut 75 Old Navy and Banana Republic stores overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.
* Expects to recognize pre-tax restructuring costs in fiscal 2016 of about $300 million, about $100 million of which is non-cash
* Gap Inc Q1 earnings per share $0.32; Q1 net sales $3.44 billion versus $3.66 billion; Q1 comparable sales were down 5 percent versus down 4 percent year ago
May 19 Apparel retailer Gap Inc said on Thursday it would shut 75 Old Navy and Banana Republic stores globally as the retailer tries to recover from five straight quarters of falling sales.
(The following statement was released by the rating agency) NEW YORK, May 11 (Fitch) Fitch Ratings has downgraded the Long-Term Issuer Default Rating for The Gap, Inc. (Gap) to 'BB+' from 'BBB-'. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. The downgrade reflects Fitch's reduced confidence in stabilization of sales, expectations of continued gross margin volatility, and belief that Gap will need to continue using real estate actions and lar
May 10 Gap Inc CEO Art Peck had called the spring selling season the company's "no excuses moment", urging investors to be patient as he worked to revive sales at the apparel retailer.
May 10 Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Your Community Bankshares, Kohls and Nordic American Tanker, on Tuesday. HIGHLIGHTS * Aflac Inc : FBR cuts to market perform rating * Sprouts Farmers market Inc : Goldman Sachs cuts to sell from neutral * Hasbro Inc : Piper Jaffray cuts to neutral from overweight * St. Jude Medical Inc : SunTrust
* Indexes up: Dow 1.1 pct, S&P 1.01 pct, Nasdaq 1.03 pct (Updates to early afternoon)
May 10 Shares of Gap Inc slumped 13 percent to a more than four-year low on Tuesday after fewer shoppers visiting the company's stores in the key spring season resulted in a steep decline in comparable-store sales.
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