- Gap (GPS +1.1%) reiterated earnings guidance during an investor meeting today, although a series of charges tied to the firm's restructuring are now part of the equation.
- Execs called product transitions and digital initiatives the company's top two priorities.
- The description of the Product 3.0 plan sounds similar to a fast-fashion approach to retail.
- A goal to "right-size" the Gap brand will lead to improved sale per square foot, promises management.
- There's a frank assessment on Banana Republic which has been off trend over the last few quarters.
- Gap Investor Day webcast
- Previously: Gap announces major round of store closings (June 15)