Gap (GPS) CFO Sabrina Simmons maintains a plan to buy back $1B in shares is "completely...

|By:, SA News Editor

Gap (GPS) CFO Sabrina Simmons maintains a plan to buy back $1B in shares is "completely consistent" with the retailer's vision to both invest in the company and return capital to shareholders. So far in the company's FQ4 it has purchased 17M shares for about $539M on a prior share repurchase authorization.