Tag: Gap

November 14, 2022

Gap has tied up with Amazon to enable the clothing retailer to start selling products on the Amazon Fashion platform in the US and Canada. Customers can shop from an offering of basic, modern essentials for the family, including hoodies, […]

May 27, 2021

Walmart and Gap have entered a strategic partnership to introduce Gap Home, a home essentials brand exclusive to Walmart. The collection, which will launch June 24, will feature more than 400 items across home décor, tabletop, bedding and bath, with […]

February 4, 2021

Nordstrom shares tumbled Thursday as the department store chain delivered a disappointing sales outlook for the year, and said it plans to shift more of its business toward off-price. Nordstrom said it expects revenue to rise more than 25% in […]

November 9, 2020

Retail is on the rebound. The SPDR S&P Retail ETF (XRT), which tracks the group, rallied almost 8% last week, fueled by gains in names including Etsy, Best Buy, Gap and Ross Stores. Etsy shares advanced by more than 20% […]

November 5, 2020

The recent and still undecided presidential election was one of the most contentious races in modern U.S. history. Even before the voting was done, there were some politicos and pundits talking about the need for whomever won the election to […]

September 4, 2020

The Buy Safe America Coalition is focused on the threat that organized retail crime, and fake and stolen goods, pose to retailers. Per a January report from the U.S. Department of Homeland Security, cited by the Buy Safe America Coalition, […]

June 4, 2020

The biggest mall owner in the country ,Simon Property Group, is suing one of its biggest tenants, Gap, saying it failed to pay more than $65.9 million in rent and other charges due during the coronavirus pandemic. The battle in […]

May 22, 2017

Gap Inc.’s first quarter financial report Thursday showed that the struggling apparel company is still in the game: Q1 net sales were $3.4 billion, about flat to the year-ago quarter as they were hit by some $11 million in currency […]

February 24, 2017

A jolly holiday season helped Gap Inc. post fourth-quarter earnings and sales that beat expectations, leading to speculation that the chain’s turnaround may be starting to take hold. The nation’s largest apparel retailer reported net income of $220.0 million, or […]

February 8, 2017

Gap. Inc. on Monday raised its profit guidance for the year on strong holiday sales, lifting its share price 3% in after-hours trading. The apparel retailer’s Q4 net sales rose 1% to $4.43 billion, edging out analysts’ expectations for $4.4 […]

February 6, 2017

Gap is testing an augmented reality app that lets shoppers “try on” its apparel without ever entering a store. The app, called DressingRoom by Gap, lets customers virtually try on merchandise via their smartphone, according to a report by PSFK. […]

January 17, 2017

Gap Inc. has added a social shopping platform for wedding parties, Weddington Way, to the company. This comes after last November’s news that J. Crew is killing its entire bridal line, signaling that Gap may try to enter the bridal […]

May 10, 2016

Gap Inc. today announced April net sales were $1.12 billion for the four-week period ended April 30, 2016, compared with net sales of $1.21 billion for the four-week period ended May 2, 2015. For the first quarter of fiscal year […]

April 29, 2016

With no relief in sight from its chronic sales declines Gap Inc GPS -1.84% will need to close a lot more namesake stores on top of the dramatic shrinking of its fleet in recent years, according to a Wall Street […]