Gap's 4th Quarter Profits Fall 33 Percent On Currency HeadwindsGap reported a 33 percent drop in fourth-quarter profits as business was hurt by currency headwinds and strategic moves to turn around its ailing business.
Gap Sales Continue To Slump Over HolidaysThe San Francisco-based retailer, which operates stores under its own brand as well as Banana Republic and Old Navy, said Thursday that a key sales measure fell.
San Francisco’s Gap Closing 175 Namesake Stores In Attempt To Boost Struggling BrandGap plans to close 175 of its namesake stores and 250 jobs at its headquarters as the company tries to strengthen the struggling brand.
SF-Based Gap Says Strong Dollar Hurting RevenueGap is one of many companies struggling with the impact of the strong dollar as sales in foreign currencies amount to less once they are translated back into U.S. dollars.
Gap Offers Upbeat 3rd Quarter Profit OutlookGap Inc. offered an upbeat profit outlook for its third quarter as the clothing chain announced a solid October increase for a key sales yardstick that surpassed analysts' expectations.
Gap Raises Outlook After Stronger Second QuarterGap raised its earnings per share outlook for the year on Thursday, after its summer lineup helped boost second-quarter results and advanced its turnaround push.
Mass. Couple Orders Tie From Banana Republic, Gets Employee Files InsteadA Cambridge, Mass. woman whose fiancee ordered a tie and pocket square from Gap Inc. chain Banana Republic says they were astonished at what they got in the mail instead: confidential employee files, including Social Security numbers, W2s, resignation letters and doctors’ notes.
Gap's 1st-Quarter Profits Rises 43 PercentThe San Francisco-based clothing retailer, which operates the Gap, Old Navy and Banana Republic clothing chains, says that it earned $333 million, or 71 cents per share, for the three-month period ended May 4. That compares with $233 million, or 47 cents per share, in the year-ago period.
Gap Sees Net Income Rises 61 Percent In Strong 4th QuarterGap Inc. is reporting a 61 percent increase in profits for the fourth quarter, capping a strong year that saw the company’s turnaround take hold.
SF-Based Gap Raises Outlook After Stronger 3QThe San Francisco-based clothing retailer said stronger sales at its Banana Republic, Old Navy and namesake stores all contributed to the performance.
Gap Announces Management RestructuringGap has announced a management overhaul aimed at enabling the retailer to respond more quickly to customers’ needs across the globe.
SF-Based Gap's 4th-Quarter Profits Down 40 PercentGap Inc. is reporting a 40 percent drop in fourth-quarter profits, as the clothing retailer grappled with higher costs and discounted heavily to get shoppers in its stores during the crucial holiday season.