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Canaccord Genuity upgrades Gap (GPS) to Hold after the retailer brought home solid sales and...

Canaccord Genuity upgrades Gap (GPS) to Hold after the retailer brought home solid sales and margin gains in Q3. The retailer has delivered sustained same-store sales growth that impresses when compared to peers. Shares of GPS are up 4.6% premarket to $34.80.
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  • vallies
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    What's not to like about shopping at GPS. The had the bright colors out, which reflects the attitude of the customer, before most others. They have absolutely the best clearance rack than any of the other retailers. I recently went to the mall,with a 10.00 off 25.00 coupon for M, but I didn't use it. The reason not being that I didn't want anything, most all the summer shirts I was hoping to get were gone. Although there are some nice Polo shirts left, for now. So I went to GPS, as I usually do and found on the clearance rack, three shirts. One for .97, another for a 1.47 and the last for 3.47. When you get a deal like that you don't mind spending a little extra for jeans. There is an argument that they are that cheap, and I am here to tell you that reason is wrong. GPS shirts colors last and the material is tight. To get deals like that you got to do a few things first. Don't walk to the right and walk straight back to the clearance racks. Clearance racks are most always in the back, and they look disheveled. There is a reason for that. Look around and you will see other merchandise neatly arranged to get you to buy that first. The only difference is that one is less costly. M's maze is the best at this. M's coupons also takes away the days other stores market share. The other store I went to was JCP. I picked up 1 shirt for 5. Once again look at the backside of the shelves, the deals are there. So for a little over 10. I picked up 4 nice quality summer shirts. Sadly to say though at JCP a lot merchandise was still there. Ron was great at starting stores, but it still remains to be seen about rebuilding one. I will say though that the new shoe department looks like an art exhibition thing that M has and JCP doesn't is apparel like Mark Echo, Sean John, Addias, etc. They don't seem to be focusing on certain types of clothing that appeals to different ethnicities. This may seem to be far fetched, but I was watching Bloomberg and it had a special on this person which blew me away. This once great basketball star was worried about his team mate who went bankrupt because he was not in charge of his own finances. The player who went lost almost all of his money was Akeem. The player who changed the way the NBA viewed its players, and helped them to protect the players was Magic. While I was watching this program I was amazed at how he changed the way movie theaters looked at their customers. He stated to the concessionaire, you need to have more hot dogs than that, for my people will eat dinner here before they go into the show, and different flavors of drinks. M.J. had it right and the owner was wrong. So I know this is crazy, but what about hiring Magic for a rep. THE MAGIC OF JCP. Something for JCP needs to appeal to some of the best customers out there, The Afro American. Recently I was watching JCP and I noticed some traffic reating to this. I was hoping that there would be a slight shift towards this, but I am not sure. If Ron wishes to succeed at JCP he needs to encourage people to want to shop at JCP and I believe he can do this by bringing in a new line of clothes and having those coupons again. M will keep taking market share from them if he doesn't. Two notes;1, If you havn;t seen The Magic special on Bloomberg, you should; 2 Check out JCP on line, ST John's Bay shoes for 10.
    16 Nov 2012, 11:43 AM Reply Like
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