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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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 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)
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)
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)
Retailers Amp Up Back-to-School Promotions Aug 7, 2008
Gap Inc. is expanding its "friends and family" discount program. American Eagle Outfitters Inc. is offering a free T-shirt to anyone who even tries on a pair of their jeans. (Time.com)
Henry Paulsonhas lost control Aug 6, 2008
Asia Times Online :: Asian news and current affairs. Henry Paulson has lost control By F William Engdahl. (Asia Times Online)
L.I.C. Workers React To Sweatshop In Backyard Aug 1, 2008
Friday August 01, 2008. The front door of Jin Shun Inc. in L.I.C., the site of an alleged sweatshop. (Queens Chronicle, NY)
Firm owned by Gap family takes over Pacific Lumber Jul 31, 2008
SAN FRANCISCO A company backed by the founders of Gap Inc. is set to take control of the bankrupt Pacific Lumber Co. and the 210,000 acres of timberlands it owns along California's North Coast. The Mendocino Redwood Co. is expected to finalize the deal Wednesday when it pays various creditors of Scotia-based Pacific Lumber, which was forced to file for bankruptcy protection last year amid mounting debt. (San Diego Union-Tribune -- Business)
N.Y. garment factory was sweatshop, state says Jul 24, 2008
Macy's, Gap Inc. (parent company of The Gap and Banana Republic), Limited Brands (parent company of Victoria's Secret and Express) and Coldwater Creek said in separate statements that they take the matter seriously and have strict policies and guidelines about fair working conditions with their suppliers. Neither Gap Inc. nor Coldwater Creek currently had production in the factory. (CNN -- US)
To Save Gas, Shoppers Stay Home and Click Jul 19, 2008
Parents don t want to drive to four different stores, two different malls, said Kris Marubio, a spokeswoman for Gap Inc. The new Web design helps time-pressed and gas-price sensitive parents achieve their back-to-school shopping goals in less time and at less cost, she added. The number of shoppers visiting Web sites that offer discounts has jumped, too. (Atlanta Journal-Constitution -- Business)
John Mayer Denies Tabloid Story On Betrayal Jul 18, 2008
Photo courtesy of Gap Inc.. Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. (The Celebrity Truth)
Steve & Barry's opening at mall on schedule Jul 16, 2008
Several retailers, including the Gap Inc. and Sears Holding Corp, have expressed interest in Port Washington, N.Y.-based company, or at least some of its brands, the paper reported. Not long ago one of the nation's fastest growing retailer, Steve 's offers casual wear at low prices, including exclusive lines endorsed by celebrities that include actress Sarah Jessica Parker, NBA player Stephon Marbury and tennis star Venus Williams. (Sioux City Journal, IO)
Discounters benefit as chain-store sales jump Jul 13, 2008
Some rebate money also made its way to clothing stores, like Children's Place Retail Stores Inc., though sales generally remained sluggish at mall-based clothing stores, including Limited Brands Inc. and Gap Inc.. The preliminary tally by UBS-International Council of Shopping Centers beat projections for a 2 to 3 percent gain, according to Michael Niemira, chief economist for the shopping center trade group. (MSNBC -- Business)
Retail Property 2nd-Qtr Worst in 30 Yrs: Report Jul 7, 2008
By Ilaina Jonas July 7, 2008 FONT SIZE. NEW YORK (Reuters) - U.S. store closings and cutbacks turned the second quarter into the worst for strip mall owners in 30 years, as budget-conscious consumers flocked to low-cost warehouse-style grocery centers, according to a report by real estate research firm Reis. (ABC News -- Wire)
Loop moves: Gap closes, Citigroup branch coming Jul 5, 2008
(Crains) Gap Inc. last week closed its store at Madison and Dearborn streets, where the clothing chain had been for almost two decades, while Citigroup Inc. plans to open a branch nearby in the Loop. The Gap at Three First National Plaza, 70 W. Madison St., is one of 65 Gap stores being shuttered nationwide this year as the apparel giant pares back amid a slowdown in consumer spending. (Crain's Chicago Business)
Cheap T-shirts Jun 24, 2008
Page last updated at 11:10 GMT, Monday, 23 June 2008 12:10 UK. From sweatshop to High Street: children sew sequins on to a Primark night vest. (BBC News -- UK)
Retailers closing stores in Atlanta Jun 24, 2008
Other national retailers are closing stores, too, like Friedman's Inc. (which also is in bankruptcy), Ann Taylor, Eddie Bauer, Lane Bryant, Gap Inc. and Pier 1 Imports Inc., just to name a few. Friedman's, which operated 455 jewelry stores under the Friedman's and Crescent brands, began a court-ordered bankruptcy liquidation sale on April 5. (Atlanta Business Chronicle, GA)
TJX Sees No Wal-Mart in BMW-Driving Germans Buying Adidas on the Cheap Jun 18, 2008
June 17 (Bloomberg) -- , the owner of T.J. Maxx and Marshalls stores, is targeting bargain-hungry shoppers in Germany, where and Gap Inc. met defeat, to introduce a designer-discount model to mainland Europe. Germans, watching their purchasing power being eaten away by $8. (Bloomberg)
Fixer-up: New CEOs at troubled companies earn top pay in '07 Jun 15, 2008
Consider John Thain at Merrill Lynch & Co., Vikram Pandit at Citigroup Inc. and Glenn Murphy at Gap Inc., all of whom were well compensated in 2007 for taking what amounted to high-profile clean-up jobs. Thain joined Merrill on Dec. 1 after former CEO Stan O'Neal was ousted following steep losses and credit write-downs. (Orangeburg Times and Democrat, SC)
Gap Inc. considers consolidating some U.S. stores Jun 13, 2008
The Gap Inc. has more than 3,100 stores and reported fiscal 2007 revenue of $15. 8 billion, according to its Web site. (Phoenix Business Journal, AZ)
Gap Looks at Shrinking Some Stores to Save Money Jun 11, 2008
June 10, 2008 FONT SIZE. CHICAGO (Reuters) - Apparel retailer Gap Inc , which has had declining revenue for three of the last four quarters, wants to reduce the amount of space it uses in some malls so it can cut expenses, its chief executive said on Tuesday. (ABC News -- Wire)
Gap May Downsize Stores To Save Money Jun 11, 2008
Gap looks at shrinking some stores to save money - Forbes. ReutersGap looks at shrinking some stores to save money06. (Forbes)
Fishers Win Pacific Lumber Jun 7, 2008
(06-06) 12:10 PDT Corpus Cristi, Texas -- Control of Pacific Lumber Co., the 145-year old firm whose assets include a failing logging town and more than 200,000 acres of prime forestland in Humboldt County, would shift to the billionaire founders of Gap Inc. under a bankruptcy plan approved by a Texas judge Friday morning. The ruling would cap a corporate saga that spanned a legendary takeover of the 1980s, the dramatic protest by tree-sitter Julia Butterfly Hill, and the decline of one of the... (San Francisco Chronicle -- Business)
Court approves Maxxam-backed reorganization plan Jun 7, 2008
Richard Schmidt, a U.S. bankruptcy judge, said in his ruling that a proposal by LLC -- connected to the Fisher family that founded clothing retailer Gap Inc. -- and should be confirmed, subject to three technical revisions. Pacific Lumber entered Chapter 11 bankruptcy protection in January 2007 after piling up $700 million in debt. (Houston Business Journal, TX)
Wal-Mart, Costco report increased sales in May Jun 7, 2008
By comparison, sales at retailers JCPenney Co. and Gap Inc. dropped 4. 4 percent and 14 percent, respectively. (Phoenix Business Journal, AZ)
Retailers Report May Results Above Expectations Jun 6, 2008
Accordingly, Costco Wholesale Corp. and Wal-Mart Stores Inc. were among the strongest performers, but fewer rebate dollars made their way to the mall, and retailers such as Gap Inc. and American Eagle Outfitters Inc. missed expectations. "It was a great month for discount retailers, but the rest of retail is struggling to capture a share of the consumer's wallet," said Patricia Edwards, a portfolio manager and retail analyst at Wentworth, Hauser ch in Seattle. (ABC News -- Wire)
Beating expectations: Retail results Jun 6, 2008
Accordingly, Costco Wholesale Corp. and Wal-Mart Stores Inc. were among the strongest performers, but fewer rebate dollars made their way to the mall, and retailers such as Gap Inc. and American Eagle Outfitters Inc. missed expectations ... Gap Inc.'s same-store sales fell 14 percent, hurt by results from its Old Navy Stores. (San Diego Union-Tribune)
Paper Source moving and expanding HQ Jun 1, 2008
It will look a whole lot like a Paper Source store, says Ms. Pofcher, a former McKinsey etail and consumer products consultant who was hired last month after a stint with Gap Inc. We wanted to be near public transportation and we wanted to have some of the character of Chicago. . (Crain's Chicago Business)
J Crew Cuts Year Earnings Outlook, Shares Drop 15 Pct May 30, 2008
By Alexandria Sage May 29, 2008 FONT SIZE. LOS ANGELES (Reuters) - J Crew Group Inc cut its full-year earnings outlook on Thursday, and its shares fell 15 percent as the high-flying retailer showed it was not immune to weak U.S. consumer spending. (ABC News -- Wire)
