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Gap, Inc.

  • Gap to end controversial scheduling practice

    San Francisco — Gap Inc. is the latest retailer to say it will cease the practice of assigning store employees on-call shifts with little advance notice.

    Gap joins other chains such as Abercrombie & Fitch and Victoria’s Secret in pledging to eliminate the practice from its stores.

  • Gap to test 'fast fashion' in some stores

    With another difficult fiscal quarter under its belt, the CEO of Gap Inc. says the retailer will begin testing fast fashion merchandise in select stores.

  • Rising costs halve Gap profit in Q2

    San Francisco – Gap Inc. experienced increases in cost of goods sold and operating expenses as sales fell during a difficult second quarter of fiscal 2015, resulting in substantial profit decline. Gap reported net income of $219 million, down 51% from $332 million in the same quarter the prior fiscal year.

  • Gap second quarter looking lackuster

    San Francisco -- Gap Inc. is still searching for its turnaround.

    Gap Inc. issued a second-quarter earnings forecast that was below Wall Street analysts' estimates, with its results impacted by foreign currency fluctuations, West Coast port delays and previously announced store closings in its namesake brand.

    Gap reported less-than-expected total sales of $3.9 billion for the second quarter, down 2% from the $3.98 billion the year-ago period.

  • No sign of any turnaround for the Gap

    The turnaround at Gap Inc. is still struggling to get off the ground, if the retailers' latest round of financial results are any indication.

    Gap reported that net sales for the four-week period ended Aug. 1 were $1.12 billion compared with net sales of $1.17 billion for the four-week period ended Aug. 2, 2014. For the second quarter of fiscal 2015, Gap Inc.’s net sales decreased 2% to $3.90 billion compared with $3.98 billion for the second quarter last year.

  • Retail heavy hitter joins JLL

    San Francisco -- JLL has tapped an industry veteran from one of the world’s largest retail chains to drive its global business strategy and cross-border expansion.

    The company named David Zoba as chairman of its Global Retail Leasing Board, effective immediately. Zoba brings 30 years of experience to the firm and most recently served as senior VP of global real estate and store development at Gap Inc., which he joined in 2009.

  • Gap goes seamless with inventory management

    San Francisco - Gap Inc. is supporting front-end omnichannel retail operations with back-end seamless inventory capabilities. Using a “seamless inventory” model supported by technology from GT Nexus, Gap focuses on having the right products at the right time for the right channel.

  • Gap Inc. still struggling with sales declines

    Gap Inc. continues to suffer from a lack of traffic to its stores and Web site, but the sales decline abated somewhat in June.

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