Gap Inc (GPS.N)
18 Jan 2017
Gap Inc reported a surprise rise in December comparable sales, and said it expected 2016 profit to be above the higher end of forecast, in sharp contrast to weak holiday sales from department store operators and some apparel retailers.
Urban Outfitters Inc's quarterly comparable sales missed analysts' estimate as fewer shoppers visited its Anthropologie and Free People stores despite higher discounting.
Nov 22 Urban Outfitters Inc's quarterly comparable sales missed analysts' estimate as fewer shoppers visited its Anthropologie and Free People stores despite higher discounting.
Bleak fourth-quarter sales forecast from Abercrombie & Fitch Co and Gap Inc raised fresh concerns that apparel retailers were in for another tough holiday season as fewer shoppers visit malls and continue to spend less on clothes. | Video
* Shares slump as much as 15.14 pct (Adds analyst comments, updates shares)
Apparel chain Gap Inc said it would shut more stores than forecast previously and that it expected a further drop in traffic during the crucial holiday shopping season.
Nov 17 Apparel chain Gap Inc said it would shut more stores than forecast previously and that it expected a further drop in traffic during the crucial holiday shopping season.
* Gap Inc says now expects net closures of about 65 co-operated stores in fiscal year 2016 and a 3 percent reduction of square footage versus to last year
Nov 17 Apparel chain Gap Inc reported its seventh straight quarterly sales decline as demand for its Gap and Banana Republic brands remained sluggish.
* Gap Inc - CFO List-Stoll to get annual base salary of $875,000 - sec filing Source text (http://bit.ly/2fTVoI4) Further company coverage:
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