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Tag: Gap

Gap Inc. to move into new product categories

Get great content like this right in your inbox. Subscribe A new day is about to dawn for Gap Inc. The struggling retailer has named licensing giant IMG as its first-ever multi-brand, exclusive licensing representative. Through the partnership, IMG will deliver cross-category product extensions of Gap’s brands, starting with Gap, Banana Republic and Janie and …

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Commentary: Gap in very weak position, spin-off of Old Navy won’t help it

There is no real surprise from Gap’s third quarter figures: Sales are poor, profit is weak although marginally better than forecast, and the outlook remains gloomy. Given the relative lack of effort from management on resolving the underlying issues plaguing the company, it would be unreasonable to expect a different outcome. However, there is some …

Commentary: Gap in very weak position, spin-off of Old Navy won’t help itRead More

Old Navy was neglecting brand marketing, Gap CFO admits

Old Navy’s ad campaign with Neil Patrick Harris. YouTube Gap said this week it has made the mistake of advertising its discounts at the expense of building brand loyalty for Old Navy. It seems to be a trend, as Gap joins several other companies lamenting that they’ve neglected brand marketing in favor of discounts or …

Old Navy was neglecting brand marketing, Gap CFO admitsRead More

Gap Inc. (GPS) reports Q3 2019 earnings beat, shares rise

The Gap and Old Navy stores located in Times Square, New York. Adam Jeffery | CNBC Gap Inc. on Thursday reported earnings and sales for the quarter that topped analysts’ expectations, after the company warned earlier this month that it was anticipating dismal results. Its shares were up about 3% in after-hours trading on the …

Gap Inc. (GPS) reports Q3 2019 earnings beat, shares riseRead More

Gap Inc. goes in-store pop-route for smaller brands

Gap Inc. is looking to capitalize on the synergy of its brands. The retailer has opened pop-ups for two of its smaller divisions – men’s performance activewear brand Hill City and children’s apparel retailer Janie and Jack – in their “sister brand” locations. The Hill City pop-up is located inside six Athleta stores in Northern …

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Gap, one of the worst-performing retailer stocks, could go lower

One of the worst-performing retail stocks this year just broke down even more. Gap shares tumbled more than 7% on Friday after CEO Art Peck stepped down and the company cut full-year earnings guidance below consensus. The stock is down more than 35% for the year, while the XRT retail ETF has climbed 8% over …

Gap, one of the worst-performing retailer stocks, could go lowerRead More

Analysis: Gap Inc. faces big challenges at corporate, brand level

Gap Inc. has major challenges at both the corporate and brand level. The company has not addressed the vast changes that have occurred in fashion retail since Mickey Drexler exited in 2002 — whether it be the entry of foreign retailers such as Zara and Aritzia, the growth of the off-pricers or burgeoning online players …

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Spin-off of Old Navy in doubt amid sudden departure of Gap CEO

Get great content like this right in your inbox. Subscribe The very abrupt ouster of Gap Inc. CEO Art Peck has raised questions about the company’s future plans. On Thursday, Gap said that Peck, who joined the company in 2005 and was tapped as CEO in 2015 after serving as Gap’s digital chief, was being …

Spin-off of Old Navy in doubt amid sudden departure of Gap CEORead More

Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecast

Gap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily.  Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.” Its shares sank more than 7% in …

Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecastRead More