Gap Founder's $1 Billion Museum Is `Appalling' Idea, San Franciscans Say Nov 26, 2008
Nov. 26 (Bloomberg) -- Gap Inc. founder cant get San Francisco to accept his $1 billion gift. Fisher offered more than a year ago to donate his art collection and build a contemporary art museum at the Presidio, a former military post thats now a national park. (Bloomberg -- US)
Obama should cut capital gains tax Nov 25, 2008
Gap Inc. closing 85 stores. In addition to its namesake chain, Gap also owns Old. (Atlanta Journal-Constitution -- Opinion)
Fresno in the center of the action Nov 24, 2008
The combination of low costs and location is the reason why Wal-Mart, Gap Inc., Sally Beauty Supply, Sears and Joanne's have expansive distribution centers in the Valley -- and why developers are building more warehouse space. "Fresno is within a two-day drive of 11 of the largest cities in the Southwest and a four- or five-hour drive of every major market in California," Boyd said. (Fresno Bee)
Market Winners & Losers: Gap, Citigroup Nov 22, 2008
Market Winners s: Gap, Citigroup - FOXBusiness. No data currently available. (Fox News)
Word of nomination lifts Dow 494 points Nov 22, 2008
Corporate mainstays such as Gap Inc., Alcoa Inc., Walt Disney Co. and Microsoft surged by double-digit amounts. But it did not erase heavy losses for the week. (OregonLive, OR -- Business)
Gap Third-Quarter Net Profit Rise Nov 21, 2008
By Alexandria Sage November 20, 2008 FONT SIZE. SAN FRANCISCO (Reuters) - Gap Inc posted higher quarterly net profit on Thursday, topping Wall Street expectations, helped by lower inventory and cost cutting that boosted margins and offset a decline in sales. (ABC News -- Wire)
Gap's 3Q Profit Edges up 3.4 Percent on Cost Cuts Nov 21, 2008
Gap Inc. reported Thursday that its third-quarter profit rose 3. 4 percent as cost-cutting efforts offset a sales slump. (ABC News -- Wire)
Books, travel and now Canali from Harry Nov 18, 2008
More surprising, Gap Inc., which has suffered in the mall, has seen its cybersales jump. They rose 50 per cent from 2005 to 2007 as the company invested in its online site and are expected to hit $1-billion (U.S.) this year, making up about 6 per cent of total sales, according to recent reports. (Globe and Mail -- Technology)
Hudson Holiday Smile Nov 16, 2008
Doyne said Gap Inc. wasn't concerned that Hudson's presence in the ads would register sadness instead of holiday cheer. "Her pictures are absolutely gorgeous. She just looks incredible and she's got such this big, beautiful personality and I think (it) came through on the photos really well," said Doyne. (Fox News)
Statscan reports on October CPI, Friday Nov 15, 2008
Gap Inc. releases third-quarter results. Share profit of 34 cents (U.S.) is expected, up from 30 cents last year. (Globe and Mail -- Business)
Fairytale ending for tiny Ottawa firm Nov 12, 2008
Fuel is now working for Microsoft, but it has developed advergames through some of North America's top advertising agencies for such big names as HBO, Gap Inc., Warner Bros. and Fox Home Entertainment. (Globe and Mail -- Business)
Zero-Interest-Rate World Looms as King, Trichet Race to Salvage Economies Nov 9, 2008
Macy's Inc., Target Corp. and Gap Inc. all posted October sales declines in the U.S.. U.S. payrolls shrank by 240,000 workers last month, the Labor Department said today, taking the two-month decline to the biggest since 2001. (Bloomberg)
Economic Gloom Nov 8, 2008
Gap Inc. saw a 16 percent drop, worse than the 11. 1 percent decline Wall Street had forecast. (CBS News)
Retailers post worst October sales figures since at least 1971 Nov 7, 2008
Other retailers that fared poorly included Abercrombie Co., down 20% from a year ago, and San Francisco-based Gap Inc., which suffered a 16% drop. The holidays could be some retailers' last chance to turn things around, said Ken Perkins, president of research company Retail Metrics Inc. Several retailers have filed for bankruptcy protection in recent months, including Mervyn's, Linens 'n Things Inc. and Shoe Pavilion Inc., and more are expected to fold after the holidays. (Los Angeles Times)
Wall Street plunges Nov 7, 2008
But Limited Brands, Gap Inc. and Macy's reported worse-than-expected sales. Even discounters such as Target and Costco posted weak numbers. (Xinhuanet, China)
US retail sales in longest slump in 16 years Oct 16, 2008
Weakening demand at merchants such as Gap Inc., J.C. Penney Co. and Macy's Inc. also hurt total purchases, signaling retailers may be heading for the worst holiday shopping season in six years. Terry Lundgren, chief executive officer at Macy's, the second-biggest US department-store chain, forecast a recovery in sales won't begin until the second half of next year. (Sydney Morning Herald -- Business)
Apparel chains report dismal September sales Oct 10, 2008
Others such as Gap Inc., Abercrombie Co. and Chico's FAS Inc., which had been mired in a sales slump for months, fared far worse, reporting double-digit same-store sales declines. Same-store sales are sales at stores opened at least a year and are considered a key indicator of a retailer's health. (San Francisco Chronicle -- Business)
Gap installs solar panels Oct 8, 2008
Rick Whisman, left, walks past Gap Inc.'s new solar-panel-collection system with Kindley Walsh Lawlor and Mark McLanahan before dedication ceremonies Tuesday ... Gap Inc. officials flipped a symbolic switch Tuesday on a 4,500-solar-panel system at its east-central Fresno distribution center ... "Over the past decade, Gap Inc. has sought to find better ways to do business, and this solar installation is one such shining example," Lawlor said. (Fresno Bee)
Retail Sales Disappoint Despite Discounts Oct 8, 2008
Other retailers, including Gap Inc. (GPS), still report Thursday. Same-store sales are a key retail performance metric because they exclude sales from new and closed locations. (SmartMoney)
Gap Inc. sets up solar power facility in Fresno Oct 7, 2008
for free extra services. Subscribe to San Francisco Business Times. (San Francisco Business Times, CA)
Jessie Randall has what it takes to make the perfect accessory Sep 25, 2008
From there Randall moved on to Gap Inc., designing handbags for Banana Republic. But self-employment was always the goal, so in 2004 Murphy and Randall launched Loeffler Randall (Loeffler is Randall's middle name), with Randall serving as creative director and Murphy handling business and marketing. (Boston Globe)
Last tree-sitters come down Sep 24, 2008
Protecting old-growth trees was part of the plan that Humboldt Redwood, largely owned by Don and Doris Fisher of The Gap Inc., submitted to acquire Pacific Lumber in bankruptcy court. It also pledged to avoid cutting down trees in vast swaths, or clear-cutting, a practice that the timber giant had aggressively practiced under its previous owner, Maxxam Inc.. (San Diego Union-Tribune)
Last tree-sitters leave Calif. redwoods Sep 24, 2008
Protecting old-growth trees was part of the plan that Humboldt Redwood, largely owned by Don and Doris Fisher of The Gap Inc., submitted to acquire Pacific Lumber in bankruptcy court. Among other things, Humboldt Redwood promised to spare any redwood born prior to 1800 with a diameter of at least four feet. (MSNBC -- Environment)
Athleta's Apparel Fills Gap Sep 23, 2008
(09-22) 16:31 PDT SAN FRANCISCO -- Gap Inc. is investing in the activewear market with its $150 million cash purchase of Athleta Inc., a Petaluma company that makes women's sports apparel, the San Francisco retailer said Monday ... Meanwhile, Gap's online sales, called Gap Inc. Direct, rose 11 percent to $191 million from $172 million in the second quarter of 2007 ... Teno, who will remain as president of Athleta at Gap Inc. upon the completion of the deal, will report to Toby Lenk, the... (San Francisco Chronicle -- Business)
Gap to buy Petalumas Athleta Inc. for $150 million Sep 23, 2008
Toby Lenk, president of the Gap Inc. Direct division, will be Teno s boss. Athleta will be the fifth major Gap brand, along with Gap, Banana Republic, Old Navy and Piperlime. (San Francisco Business Times, CA)
Fall Job Fair With Disability Special Focus Sep 20, 2008
POSTED: 3:13 pm PDT September 19, 2008UPDATED: 3:19 pm PDT September 19, 2008. -- On Tuesday, October 7th, HIREvents will host the 17th Annual Fall Diversity HIREvent at the Lion's Gate Hotel Garden Pavilion from noon to 4 p.m.. (KCRA 3, CA)
Eco-friendly the lure for Reisman's new stores Sep 19, 2008
Ms. Reisman also took inspiration from Mickey Drexler, a Wall Street darling and former head of clothier Gap Inc., who is now CEO of J. Crew Group, on whose board of directors Ms. Reisman sits. "What I learned from Mickey is: You have to have a point of difference and you have to have a real passion for what you're trying to do. Second, you're not going to get it all right, which I knew from experience.". (Globe and Mail -- Business)
Gap Inc. to open stores in Mexico, Egypt and Jordan Sep 19, 2008
Gap Inc. will also expand its Middle East presence with franchised Gap and Banana Republic stores in Egypt and Jordan. will open the first Gap stores in Egypt and Jordan by the end of the year, with Banana Republic stores following in 2009. (San Francisco Business Times, CA)
Inditex Second-Quarter Profit Misses Estimates as Spaniards Cut Spending Sep 17, 2008
The stock has slid 29 percent in 2008, more than shares of competitors and Gap Inc.. Second-quarter sales rose 12 percent to 2. (Bloomberg -- Europe)
H&M Opens in Japan Amid Downturn Sep 13, 2008
While the Gap Inc. of the U.S. and its Japan equivalent Uniqlo are obviously cheap, with all its connotations of unfashionable crassness, Hts trendy designs working women want, she said. "If you are shopping at Hple think it's cool that it's cheap," Kimura said in a telephone interview. (Time.com)
Lululemon may come to regret its growth-at-all-costs strategy Sep 12, 2008
Here's an analogy to consider: Gap Inc. from 1999 to today. Back then the Gap (and its sister retailers) were very cool. (Globe and Mail)
H&M opens shop in pricey Japan amid downturn Sep 12, 2008
While the Gap Inc. of the U.S. and its Japan equivalent Uniqlo are obviously cheap, with all its connotations of unfashionable crassness, H&M boasts trendy designs working women want, she said. "If you are shopping at H&M, people think it's cool that it's cheap," Kimura said in a telephone interview. (Atlanta Journal-Constitution -- Business)
August another disappointing month for retailers Sep 5, 2008
The 8% fall at Gap Inc. was slightly less steep than the forecasted 9. 7. (Los Angeles Times)
EARNINGS WATCH Updates, advisories and surprises Sep 5, 2008
Gap posts 8% decline in August same-store sales (8:12 AM ET) NEW YORK (MarketWatch) -- Gap Inc. (:GPS, , , Last. Delayed quote data. (MarketWatch)
Many Retailers See Sluggish August Sales Sep 5, 2008
Sales at the chain owned by Gap Inc., were down in August, as were those at most retailers ... Gap Inc. recorded an 8 percent drop, though it was less steep than the 9. (CBS News)
Poll finds we're willing to spend Sep 5, 2008
Other major retailers, including Wal-Mart Stores Inc. and Gap Inc., are expected to release August sales numbers today. Many analysts expect the stores to report relatively weak sales. (Albany Times Union)
Stocks plummet after retail, unemployment data Sep 5, 2008
September 05, 2008 ONLINE EDITION. Entertainment Review : Art of Photography : Business Trends : Eyes of a Reporter. (Sioux City Journal, IO)
Wal-Mart sales give glimmer of retail hope Sep 5, 2008
Same-store sales at Gap Inc., Target Corp. and Abercrombie & Fitch Co. fell. Consumers headed to Wal-Mart and Costco Wholesale Corp. to buy groceries and gasoline as the spending boost from government tax rebates waned. (Sydney Morning Herald -- Business)
US stocks plummet Sep 5, 2008
"In a bear market, you sort of really don't need an excuse to sell.'' The Dow fell 344.65, or 2.99 percent, to 11,188.23. It was the worst drop for the blue-chip index since June 26, when it fell more than 358 points, or 3.03 percent. Broader indexes also tumbled. The Standard s 500 index fell 38.15, or 2.99 percent, to 1,236.83. The Nasdaq composite index dropped 74.69, or 3.20 percent, to 2,259.04. All three indexes moved back into bear market territory, defined as a 20 percent drop from a... (The Star Online, Malaysia)
Retailers report dismal back-to-school sales figures Sep 5, 2008
Yet nearly everyone else -- from mall-based chains, such as midmarket merchandisers Gap Inc. and Limited Brands, which operates Victoria's Secret and Bath & Body Works, to department and luxury stores -- reported declines. Industry analysts predict this year's back-to-school season -- the second-most important for retailers behind the holidays -- could wind up being the worst since 2001 as prices plow ahead of growth in many consumers' incomes. (OregonLive, OR -- Business)
Apparel chain sales results for August Sep 5, 2008
10:03 a.m. September 4, 2008. NEW YORK Summary of August same-store sales results for apparel category store chains, with percentage increase or decrease over the same month last year. (San Diego Union-Tribune -- Business)
Wal-Mart a Bright Spot Amid Weak Retail Sep 4, 2008
General-apparel retailers were also seen posting declines, with Gap Inc. (GPS) expected to pull the sector down with a drop in the double digits. Meanwhile, teen chains are reporting yet another month of mixed results, as some of the more value-priced chains saw strength amid weakness at higher-priced competitors. (SmartMoney)
Gap closes high profile Boston shop Sep 3, 2008
Like other specialty retailers, Gap Inc. - the parent company of Gap, Old Navy, and Banana Republic - has been hurt as consumers squeezed by the slowing economy, higher gas and food costs, and a weak job market have been spending less on clothes and other nonessential items. Gap saw a surge in sales in the 1990s when American offices moved toward a more casual dress code and workers snagged its khakis and polo shirts. (Boston Globe)
Expert sees bit of panic in retailers' price cuts Sep 3, 2008
Major retailers, including Wal-Mart Stores Inc., J.C. Penney Co. and Gap Inc., which also operates Banana Republic and Old Navy stores, are to announce final August sales results on Thursday. Hess estimated that discounts are 10 percent deeper at mall-based apparel stores than a year ago, despite a drop of anywhere from 10 percent to 15 percent in inventories. (OregonLive, OR -- Business)
Some Garment Factories Scheme To Evade Monitors Sep 1, 2008
Dan Henkle, senior vic 00003398 e president of social responsibility for Gap Inc., said the programs have largely been a success. Gap's team of 80 monitors conducted 4,000 inspections of 1,879 factories last year, he said, ranking each on its treatment of workers, and revoked contracts from 24 factories. (CBS News -- US)
Retailers Put off Spring Buying Aug 27, 2008
By Alexandria Sage August 26, 2008 FONT SIZE. LAS VEGAS (Reuters) - Cautious apparel buyers are foregoing orders to be delivered months down the road and instead are buying for the moment, unwilling to take on excess inventory and unsure over what the future holds. (ABC News -- Wire)
Stocks jump on falling oil, inflation forecast Aug 27, 2008
In corporate news, Gap Inc. rose 87 cents, or 4. 6 percent, to $19. (Madison Daily Leader, SD)
Gap shares rise amid solid 2Q results Aug 24, 2008
Shares of Gap Inc. rose Friday, a day after the San Francisco-based retailer posted better-than expected second-quarter profits helped by cost-cutting and tighter controls on inventory. Shares rose 87 cents, or 4. (Forbes)
Gap makes Wyatt permanent Old Navy president Aug 23, 2008
Gap Inc., based in San Francisco, operates more than 3,100 stores and had revenues of $15. 8 billion in 2007. (San Francisco Chronicle)
Futures Signal Higher Wall Street Start Before Bernanke Aug 23, 2008
August 22, 2008 FONT SIZE. LONDON (REUTERS) - Futures pointed to a higher opening on Wall Street on Friday, helped by better-than-expected corporate results from GAP and with all eyes on a speech by Federal Reserve Chairman Ben Bernanke. (ABC News -- Wire)
Cost-cutting boosts Gap's 2nd-quarter profit Aug 22, 2008
Clothing retailer Gap Inc. said Thursday that tight control on inventory and costs helped offset a persistent sales slump, particularly at its Old Navy stores, as fiscal second-quarter profit rose 51 percent. Images. (San Francisco Chronicle -- Business)
Gap Net Profit Rises in Second Quarter Aug 22, 2008
August 21, 2008 FONT SIZE. SAN FRANCISCO (Reuters) - Gap Inc said on Thursday that quarterly net profit rose, helped by higher profit margins, even as sales trends proved disappointing at its three chains. (ABC News -- Wire)
Cost-Cutting Boosts Gap's 2nd-Quarter Profit Aug 22, 2008
Apparel retailer Gap Inc. said Thursday that tight control on inventory and costs helped offset a persistent sales slump, particularly at its Old Navy stores, as fiscal second-quarter profit rose 51 percent. Its shares rose 69 cents, or 3. (ABC News -- Wire)
Gap names president of Old Navy Aug 22, 2008
NEW YORK - Gap Inc. announced Thursday that it has named Tom Wyatt, a 30-year retail veteran, as president of its struggling Old Navy chain. Wyatt, 53, had served as acting president of Old Navy since February, when Dawn Robertson stepped down after struggling for 16 months to turn the division around. (AZCentral -- Business)
Gap profit grows 51% Aug 22, 2008
The quarter saw Gap Inc. unite all four of its divisions Gap, Old Navy, Banana Republic and Piperlime on a single site so that customers could easily shop across brands. The news comes after Gap Inc. announced that Tom Wyatt would be the new president of Old Navy. (San Francisco Business Times, CA)
Cost-Cutting Provides a Boost to Gap Aug 22, 2008
Gap Inc.'s (GPS) second-quarter net income rose 51% on healthy margins and cost management, but the company reduced its planned store openings for the year. "External conditions aside, we continue to deliver improved earnings with healthy margins," Chief Executive Glenn Murphy said. (SmartMoney)
Stocks jump on prospect of Lehman buyout Aug 22, 2008
In earnings news, Gap Inc. rose $1. 04, or 5. (San Diego Union-Tribune -- Business)
Retailers Face Frugal Shoppers Through 2009 Aug 17, 2008
The divide, seen this week as discounter Wal-Mart Stores Inc. posted higher earnings and raised its outlook, will likely be on display again next week as luxury retailer Saks Inc. and Gap Inc. are expected to announce sluggish results. Even Target Corp., which is set to report second-quarter results Tuesday, has stumbled in recent months as its stores have a heavy emphasis on clothing and home furnishings. (ABC News -- Wire)
Statscan reports CPI for July, Thursday Aug 16, 2008
Globe and Mail Update. August 15, 2008 at 3:28 PM EDT. (Globe and Mail -- Business)
Retailers' 2Q results may not be as bad as thought Aug 12, 2008
Several companies, from Gap Inc. and Penney to teen retailer Hot Topic Inc., raised their outlooks last week with help from strict inventory controls and slashing expenses even as they reported sales declines in July at established stores. Member ID. (Republican-American)
Big pressure on Big Sugar Aug 10, 2008
The value of the Mott Foundation's publicly traded holdings in 338 stocks such as Citigroup Inc., Dow Chemical Co., Gap Inc., Pepsico Inc. and Starbucks dropped from $1. 475 billion in December 2006 to $536,514 in March 2008, according to reports filed with the U.S. Securities and Exchange Commission. (The Palm Beach Post)
Commodity price falls propel stocks higher Aug 9, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Retailers Report Mixed Sales in July Aug 8, 2008
July Retail Sales Struggle as Tax Rebate Cash Ends - FOXBusiness. No data currently available. (Fox News)
July retail sales data show stimulus fading Aug 8, 2008
Meanwhile, many mall-based apparel stores including Limited Brands Inc. and Gap Inc. suffered even deeper declines. Luxury stores like Saks Inc., which operates Saks Fifth Avenue, also struggled with weaker sales as even affluent shoppers pull back. (MSNBC -- Business)
Retail Sales Languish as Consumers Scrimp Aug 7, 2008
But some non-discounters - including Gap Inc. (GPS) - said earnings will be stronger than expected for the just-concluded fiscal second quarter. Analysts were keen to see how moderating prices at the gas pump and the last of the federal stimulus checks hitting mailboxes would impact results. (SmartMoney)
