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Gap Inc (GPS.N)

GPS.N on New York Stock Exchange

31.61USD
20 Feb 2018
Change (% chg)

$-1.66 (-4.99%)
Prev Close
$33.27
Open
$31.12
Day's High
$32.40
Day's Low
$30.77
Volume
1,626,203
Avg. Vol
1,357,056
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$35.66
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Tue, Feb 20 2018

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Gap brand CEO Jeff Kirwan to leave retailer, shares fall

Gap Inc said on Tuesday it was disappointed with the progress at turning around the fortunes of its eponymous brand and that the head of the business, Jeff Kirwan, was leaving.

UPDATE 3-Gap brand CEO Jeff Kirwan to leave retailer, shares fall

* Shares fall as much as 7.6 pct (Adds analyst comment, updates shares)

Gap Brand CEO Jeff Kirwan to leave retailer

Feb 20 Gap Inc said on Tuesday that Jeff Kirwan, president and chief executive of its eponymous brand will leave the apparel retailer.

BRIEF-Gap Announces Departure Of Gap Brand President

* GAP INC - ‍JEFF KIRWAN, PRESIDENT AND CEO OF GAP BRAND, WILL LEAVE COMPANY​

UPDATE 4-Abercrombie, Gap rebound spark positive trends in apparel

* ANF Q3 Same-store sales up 4 pct vs. est of rise of 0.3 pct

BRIEF-Gap expects Q4 selling, general, administrative costs to be up YoY

* Gap Inc- Due to hurricanes, 277 stores were closed for an average of about 6 days in Q3 -conf call

UPDATE 2-Gap beats 3rd-qtr sales estimates, raises full-year forecasts

* Q3 revenue $3.84 bln vs I/B/E/S est of $3.76 bln (Adds CEO quote, details from conference call, background; Updates share price)

BRIEF-GAP reports Q3 earnings per share of $0.58

* Q3 earnings per share view $0.54 -- Thomson Reuters I/B/E/S

Gap third quarter profit, sales beat estimates

Clothing retailer Gap Inc on Thursday reported quarterly results that beat estimates, as its turnaround efforts to revive its Gap and Old Navy brand paid off.

Gap's same-store sales beat estimates

Nov 16 Clothing retailer Gap Inc's quarterly same-store sales beat estimates, as it sold more lower-priced apparel under the Old Navy brand and reined in discounts.

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