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Gap Inc. Reports Third Quarter Results
Gap Appoints New Chief Growth Officer And New President And CEO Of Banana Republic
Third Point LLC Takes Stake In Microsoft, Dissolves in Gap Inc
The Gap, Inc. is an apparel retail company. The Company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services. The Company’s omni-channel services, including order-in-store, reserve-in-store, find-in-store and ship-from-store that are tailored across its portfolio of brands. The Company also sells products that are designed and manufactured by branded third-parties, especially at its Intermix brands. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China, Hong Kong, Taiwan, and Mexico. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.
2 Folsom St
SAN FRANCISCO, CA
Bobby L. Martin
Executive Chairman of the Board
President, Chief Executive Officer, Director
President, Chief Executive Officer, Speciality Brands
Chief Financial Officer, Executive Vice President
President and CEO - Old Navy
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Gap Inc fell short of Wall Street estimates for quarterly profit on Tuesday as a pivot to online sales fueled a surge in marketing and shipping costs, sending the apparel retailer's shares down about 11% in extended trading.
Gap Inc reported a surprise rise in quarterly comparable sales on Tuesday, powered by online demand for its Athleta athleisure wear and Old Navy affordable apparel from stuck-at-home customers.
U.S. President-elect Joe Biden planned to meet with labor leaders and chief executives from tech, retail and auto companies on Monday during a conference call on the economy, a transition aide said.
Gap Inc is considering closing stores in some European countries, as the apparel retailer looks to save cash while dealing with a sales slump brought on by the COVID-19 pandemic and competition from fast-fashion companies.
Gap Inc said on Thursday it will virtually hire seasonal staff for the busy holiday months to help the apparel retailer fulfill online orders and man its customer contact centers as consumers shop heavily online due to the pandemic.
Apparel retailer Gap Inc reported a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home due to the COVID-19 pandemic bought more of its Old Navy and Athleta clothing online.
Apparel retailer Gap Inc reported a 13% rise in quarterly comparable sales on Thursday, with shoppers buying Old Navy, Athleta and Gap clothing online as the company's stores remained shut due to the COVID-19 pandemic.
Gap Inc <GPS.N> has entered into a 10-year deal with rapper and fashion designer Kanye West to create a Yeezy line of clothing, both parties said on Friday, sending shares of the apparel retailer soaring 42%.
Gap Inc has entered into a "multi-year partnership" with rapper and fashion designer Kanye West to create a Yeezy line of clothing, both parties said on Friday.
Gap Inc on Thursday reported a quarterly loss of nearly $1 billion as the apparel retailer was forced to close its stores due to the coronavirus outbreak, sending its shares down about 8% after market hours.
Gap Inc on Thursday reported a 43% fall in first-quarter sales, as the apparel retailer was forced to close its stores due to the COVID-19 pandemic.
U.S. apparel chain Gap Inc <GPS.N> is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact during the coronavirus pandemic, the company told Reuters.
Abercrombie & Fitch Co and cash-strapped Gap Inc on Wednesday laid out plans to reopen stores in areas where lockdown curbs have eased, while also introducing social-distancing measures.
* GAP SAYS PREPARES TO RE-OPEN UP TO 800 OF ITS STORES BEFORE END OF MAY, STARTING WITH A SMALL SELECTION OF LOCATIONS IN TEXAS THIS WEEKEND - BLOG Source text : https://bit.ly/2A8ldUp Further company coverage:
Gap Inc warned on Thursday it may not survive the next 12 months intact and would need to borrow more funds in the face of widespread coronavirus shutdowns that have crippled the business of clothing retailers globally.
Gap Inc said on Thursday its existing cash levels and credit facilities may not be sufficient to run its business and it would have to take additional measures such as job cuts and new debt financing within the next 12 months to boost its liquidity.
Major U.S. retailers Macy's Inc <M.N>, Kohl's Corp <KSS.N> and Gap Inc <GPS.N> said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread of the coronavirus outbreak.
Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire $500 million credit facility as the apparel retailer looks to weather the coronavirus crisis.
Gap Inc said on Thursday it would suspend its regular quarterly cash dividend for the rest of the year and draw down the entire $500 million on its revolving credit facility as it looks to soften the blow from the coronavirus pandemic. (Reporting by Saumya Sibi Joseph in...
Retailers Canada Goose Holdings Inc and Gap Inc said they would begin production of medical gear for healthcare workers and patients to aid the battle against the coronavirus pandemic.
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