Gap Inc. on Thursday reported first quarter earnings and same-store sales that missed Street analysts amid a surprising slowdown at its Old Navy brand. Total sales, however, were better than expected.
Ralph Lauren reported better-than-expected results for its fourth quarter amid the company’s ongoing shift to reduce its department store distribution and sell more products at full-price.
The nation’s leading off-price retailer reported better-than-expected sales in its first quarter fueled by a strong performance from T.J. Maxx and Marshalls.
