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Gap Inc (GPS.N)

GPS.N on New York Stock Exchange

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Change (% chg)

$1.55 (+4.98%)
Prev Close
$31.15
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Greenlight Capital Inc Cuts Share Stake in Apple and General Motors
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Greenlight Capital Inc::GREENLIGHT CAPITAL INC TAKES SHARE STAKE OF 134,000 SHARES IN GAP INC - SEC FILING.GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN APPLE INC BY 77.4 PERCENT TO 142,100 SHARES.GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN GENERAL MOTORS CO BY 6.4 PERCENT TO 21.2 MILLION SHARES.GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN VOYA FINANCIAL INC BY 25.7 PERCENT TO 2.9 MILLION SHARES.GREENLIGHT CAPITAL INC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2018.  Full Article

Gap Inc - Amended And Restated Its $500 Mln Unsecured Revolving Credit Facility To Extend Termination Date To May 31, 2023
Saturday, 2 Jun 2018 

June 1 (Reuters) - Gap Inc ::GAP INC - AMENDED AND RESTATED ITS $500 MILLION UNSECURED REVOLVING CREDIT FACILITY TO EXTEND TERMINATION DATE TO MAY 31, 2023 - SEC FILING.  Full Article

Gap expects Q4 selling, general, administrative costs to be up YoY
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Gap Inc :Gap Inc- Due to hurricanes, 277 stores were closed for an average of about 6 days in Q3 -conf call.Gap Inc- Q3 merchandise margin was about flat to last year -conf call.Gap Inc- expects YOY increase in Q4 SG&A as some production costs move out of Q3 and into Q4, incremental spend on digital in holiday season.  Full Article

GAP reports Q3 earnings per share of $0.58
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Gap Inc :Gap Inc reports third quarter results.Q3 sales $3.84 billion versus i/b/e/s view $3.76 billion.Q3 earnings per share $0.58.Q3 earnings per share view $0.54 -- Thomson Reuters I/B/E/S.Sees FY adjusted earnings per share $2.08 to $2.12.Sees FY 2017 earnings per share $2.18 to $2.22.Gap inc's comparable sales for Q3 of fiscal year 2017 were up 3 percent versus a 1 percent decrease last year​.Company now expects comparable sales for fiscal year 2017 to be up low-single-digits​.Qtrly ‍old navy global comparable sales positive 4 percent versus positive 4 percent last year​.Qtrly Banana Republic global ‍comparable sales negative 1 percent versus negative 6 percent last year​.At end of Q3 of fiscal year 2017, total inventory was up 3 percent year over year​.Company noted inventory increase is "primarily due to the timing of in-transit inventory and the negative impact of foreign exchange​".Continues to expect capital spending to be about $625 million for fiscal year 2017.FY 2018 earnings per share view $2.06 -- Thomson Reuters I/B/E/S​.  Full Article

New York State Police- ATF National Response Team says fire incident at Gap intentionally set
Wednesday, 7 Sep 2016 

Gap Inc : New York State Police - ATF National Response Team concluded that fire incident at Gap Distribution Center in Fishkill, New York was intentionally set .New York State Police - NYSP and ATF are continuing the investigation.  Full Article

Gap Inc says comparable sales for August were down 3 percent
Friday, 2 Sep 2016 

Gap Inc : Gap Inc. reports August sales results . Comparable sales for August 2016 were down 3 percent versus a 2 percent decrease last year . August sales fell 2 percent to $1.17 billion . "Currently assessing impact from a fire that recently occurred in a building located on its Fishkill, New York distribution center campus" .August same store sales view down 1.9 percent -- Thomson Reuters data.  Full Article

Gap Inc says there was a fire at its fishkill distribution centre on Monday
Wednesday, 31 Aug 2016 

Gap Inc : Gap Inc says there was a fire at its fishkill distribution centre in New York state on Monday Further company coverage: [GPS.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gap Inc says there was a serious fire at a distribution center in Fishkill, New York
Wednesday, 31 Aug 2016 

Gap Inc : Gap Inc says there was a serious fire at a Gap Inc distribution center in Fishkill, New York . All employees who were on-site at the time are confirmed safe and accounted for; will continue to cooperate with investigation underway . Gap Inc says have contingency plans in place and are working across North American network of distributions centers to continue to serve customers Further company coverage: [GPS.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled

Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the United States and China, regulatory filings showed Tuesday. | Video