Gap Inc. has called off its 10-month-old decision to separate its discount unit Old Navy, but that doesn’t remove the tall order facing the specialty U.S. clothing retailer in its turnaround bid. The Francisco
(Reuters) - Gap Inc (GPS.N) on Thursday scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped full-year earnings,
The heritage apparel conglomerate Gap Inc.—which owns Gap, Banana Republic, Old Navy, Athleta, and Hill City—has been struggling to find its place in the modern retail landscape for some time. And in sign
New York (CNN Business) — Jewelry retailer Signet's stock climbed about 40% on Thursday after the company reported surprisingly strong year-over-year holiday sales growth and raised its guidance. The of
J.C. Penney closed the third quarter with $8.69 billion in assets and $8.69 billion in liabilities. That puts the company in a very tough position, as it lacks the cash needed to make a major transformation.
Target joined the lineup of retailers to report weaker-than-expected holiday sales numbers on Wednesday. The big-box store reported that sales grew 1.4% during November and December, breaking its eight-quarter