Company
Gap Inc
NYSE:GPS
The Gap, Inc. is a global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands. The Company operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. It also has franchise agreements with unaffiliated franchisees to operate Gap and Banana Republic stores in many other countries worldwide.
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Gap Inc stock pops following 3Q profit surprise
The specialty apparel retailer swung to third-quarter 2022 profit of $282 million from a net loss of $152 million during the same period last year
Gap the latest to ditch Kanye West over antisemitic comments
Fellow fashion and clothing retailers Adidas and Balenciaga have also cut ties with the rapper
American rapper Kanye West to cut ties with Gap over alleged contractual breaches
Kanye West’s company Yeezy is reportedly attempting to end its contract with Gap over the retailer’s alleged failure to meet the obligations of their agreement
Gap withdraws full-year guidance after reporting second-quarter net loss
High inflation is hitting demand, particularly from lower-income consumers
Gap slashes profit forecast, shares slide 13%
Results at the US' largest specialty apparel company were pressured by a "slowed demand stemming from inflationary pressures impacting the lower-income consumer"
Gap shares shrink on CEO's surprise exit, weakened full-year guidance
The decision comes in the middle of a process to spin-off the Old Navy brand and shutter 230 Gap stores
Tesla's big battery in South Australia is a "complete waste of resources," claims Nissan
Thomas’ statement comes as he was discussing the new Leaf’s vehicle-to-grid/vehicle-to-home (V2G/V2H) system, which will allow the all-electric car to serve as a home battery unit. With the system in place, the Leaf will not only store ener