Gap Inc (GPS.N)
20 Feb 2018
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.
* Shares fall as much as 7.6 pct (Adds analyst comment, updates shares)
Feb 20 Gap Inc said on Tuesday that Jeff Kirwan, president and chief executive of its eponymous brand will leave the apparel retailer.
* GAP INC - JEFF KIRWAN, PRESIDENT AND CEO OF GAP BRAND, WILL LEAVE COMPANY
(In this version of the Nov. 27 story, Adobe corrects smartphone revenue to $1.59 billion instead of $1.12 billion in paragraph 2) | Video
Nov 27 Cyber Monday was on track to become the biggest-ever internet shopping day in the United States as shoppers snapped up bargains on toys and electronics, with many more Americans shopping on their phones.
Abercrombie & Fitch Co's solid showing in the latest quarter and robust holiday season sales forecast on Friday reinforced a raft of earnings reports that suggest a turnaround in the apparel retailing sector. | Video
* ANF Q3 Same-store sales up 4 pct vs. est of rise of 0.3 pct
* Gap Inc- Due to hurricanes, 277 stores were closed for an average of about 6 days in Q3 -conf call
Gap Inc reported quarterly results that beat estimates, driven by turnaround efforts to revive its Gap and Old Navy brands, and the clothing retailer raised its 2017 earnings and same-store sales forecasts.
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