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The Gap, Inc. (GPS)

  • Aug. 15, 2014, 4:05 PM
    • The Gap (NYSE:GPS) declares $0.22/share quarterly dividend, in line with previous.
    • Forward yield 2.10%.
    • Payable Oct. 29; for shareholders of record Oct. 8; ex-div Oct. 6.
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  • Aug. 8, 2014, 7:13 AM
    • Gap (NYSE:GPS) reports comparable-store sales rose 2% in July. The consensus estimate was for a 0.6% gain.
    • Total sales were up 5% to $1.17B.
    • The company says it expects Q2 EPS of $0.68-$0.69 vs. $0.66 consensus.
    • GPS +4.9% premarket
    | Comment!
  • Jul. 14, 2014, 12:49 PM
    • A bankruptcy auction of Coldwater Creek stores brought in winning bids from women's retailers Lane Bryant, J Gill Group, Talbots, and Maurices - although it was fast-fashion chain Forever 21 which went for the priciest stores.
    • What to watch: The influx of fast-fashion chains at malls is another headache for teen retailers (AEO, ARO, ANF, ZUMZ) unable to keep up with current demand trends as neatly as H&M and Forever 21. To stay ahead of the fast-fasion curve, forward-thinking retailers such as Gap (GPS -0.9%) are going with simpler assortments or a safer mix-and-match strategy.
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  • Jul. 11, 2014, 9:00 AM
    • Canaccord Genuity backs its long-term bullish thesis on Gap (GPS) despite the retailer's disappointing report on June same-store sales growth.
    • There's a bit of patience with Gap amongst retail analysts with the company set to roll out a global merchandising and marketing strategy later this summer. The plan could boost results.
    • GPS -1.0% premarket
    | Comment!
  • Jul. 10, 2014, 4:05 PM
    • Gaps (GPS) reports total sales rose 1% to $1.54B in June.
    • Comparable-store sales were down 2% for the period to miss the estimate of analysts.
    • Comp growth by brand: Gap Global -7%; Banana Republic -7%; Old Navy Global +7%;
    • GPS -3.0% AH.
  • Jul. 3, 2014, 9:38 AM
    • Keep an eye on specialty retailers, advises Topeka Capital's Dorothy Lakner.
    • A nice pickup in retail demand in May could be followed up by more strength in June with the economy stable, says the analyst.
    • If the stock market keeps moving higher and a potentially-disruptive West Coast port lockout can be avoided, the sector could be set for gains heading into the back to school and fall season.
    • Looking for a comeback: EXPR, RUE, ZUMZ, PSUN, ARO, AEO, ANF, CACH, BODY, CHS, CWTR, NWY, BEBE, ANN, CBK, GPS, GES.
  • Jun. 18, 2014, 8:49 AM
    • Gap (GPS) is upgraded by Canaccord Genuity to a Buy rating from Hold.
    • The investment firm is confident the apparel seller can boost margins through new initiatives.
    • GPS +0.9% premarket.
    | Comment!
  • Jun. 9, 2014, 7:11 AM
    • Gap (GPS) signs a sourcing deal with apparel factories in Myanmar to become the first major retailer to re-enter the country following the lifting of sanctions by the U.S.
    • Shipments to the U.S. are expected to start this summer.
    | Comment!
  • Jun. 6, 2014, 8:40 AM
    • Gap (GPS) reports May sales increased 4% to $1.27B.
    • Comp sales growth by brand: Gap Global -3%; Banana Republic Global +3%; Old Navy Global +2%.
    • Analyst reaction: Stifel Nicolaus says new concepts at Gap provide visibility on future earnings growth. The firm affirms a Buy rating on the retailer.
    | Comment!
  • May. 22, 2014, 4:01 PM
    • Gap (GPS): Q1 EPS of $0.58 beats by $0.01.
    • Revenue of $3.77B (+1.1% Y/Y) beats by $60M.
    • Press Release
    | Comment!
  • May. 21, 2014, 5:35 PM
  • May. 21, 2014, 8:42 AM
    • Dick's Sporting Goods (DKS) tipped off during its earnings call yesterday that the women's athletic apparel initiative is delivering comps in the low teens.
    • Execs said that the company may devote more floor space to the category due to the strong response.
    • The development could give Athleta (GPS), Lululemon (LULU), and Under Armour (UA) something to think about.
    • Earnings call transcript
  • May. 21, 2014, 6:41 AM
    • The Gap, Inc. (GPS) declares $0.22/share quarterly dividend, in line with previous.
    • Forward yield 2.18%
    • Payable July 30; for shareholders of record July 9; ex-div July 7.
    | Comment!
  • May. 13, 2014, 9:00 AM
    • A disappoint read on retail sales from April's report could reset some expectations in the sector after analysts overestimated consumer demand.
    • The electronics and appliance store category (RSH, BBY, CONN, WHR) saw sales fall 2.3% M/M and 1.5% Y/Y.
    • Clothing and clothing accessory stores (AEO, GPS, BKE, TLYS, ANF, ANN, LB, ARO, GES, CATO) registered a 1.2% M/M and 1.1% Y/Y gain in sales which didn't show the snap-back from soft winter traffic patterns forecast by some.
  • May. 9, 2014, 1:12 PM
    • Citigroup weighs in on Ralph Lauren (RL -2.6%) after the luxury seller disappointed with its sales and profit guidance.
    • The investment firm keeps a Buy rating on shares, but takes the stock off of its U.S. Focus List. The take from Citi is that Ralph Lauren needs to show a payoff from its strategic growth investments before it will move all-in.
    • The disparity between Ralph Lauren's outlook and the momentum picking up at Gap (GPS +3.6%) is striking. Retail analysts note a lot of the so-called pent-up retail demand in early spring has veered toward online shopping and on-trend promotions - two areas Gap appears to be a step ahead of peers.
    | Comment!
  • May. 9, 2014, 9:48 AM
    • Gap (GPS +3.8%) trades higher after releasing April sales tallies and FQ1 guidance.
    • The shift of Easter into April made the comp look a little overblown, but there's no disputing that Gap's margins are moving in the right direction.
    | Comment!
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Company Description
Gap Inc is an apparel retail company. It offers apparel, accessories, and personal care products for men, women, children and babies under the Gap, Old Navy, Banana Republic, Piperlime, Athleta, and Intermix brands.
Sector: Services
Industry: Apparel Stores
Country: United States