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Morgan Stanley at Underweight PT:8.00 $GS:PT:9.00
8:12 am ET August 26, 2022 (Dow Jones) Print
Ratings actions from Benzinga: https://www.benzinga.com/stock/GPS/ratings
(END) Dow Jones Newswires
18.00 Gap shares crater 15% after retailer sees millions in lost sales from delayed product shipments, cuts its forecast
https://www.cnbc.com/2021/11/23/gap-gps-q3-2021-earnings.html
* * $GPS Video Chart 11-25-2020 * *
Link to Video - click here to watch the technical chart video
NEWS: $GPS Here's Why Gap Stock Was Soaring on Thursday
The stock market was having a rather strong day on Thursday, with all major averages in the green on hopes that a stimulus deal is likely to be reached soon. And apparel retail giant Gap (NYSE: GPS) was a major standout, up by 13.5% for the day. Image source: Getty Images. ...
In case you are interested GPS - Here's Why Gap Stock Was Soaring on Thursday
* * $GPS Video Chart 10-22-2020 * *
Link to Video - click here to watch the technical chart video
BREAKING NEWS: $GPS Why The Gap Blasted 10% Higher on Tuesday
Shares of The Gap (NYSE: GPS) popped on Tuesday, thanks to a major upgrade from Citigroup . Analyst Paul Lejuez at the influential bank doubled his price target on the retailer's stock, to $24 per share. Even after Tuesday's price jump, the shares were only trading at just above $17 apiece....
In case you are interested GPS - Why The Gap Blasted 10% Higher on Tuesday
NEWS: $GPS Gap's Shares Rise After Analyst Upgrade
Gap (NYSE: GPS) saw its shares rise more than 6.5% in Tuesday morning trading after Citigroup analysts confirmed their price target on the clothing retailer at $24, representing a more than 55% upside over the current share price. Most analysts are far less bullish on the stock, with ...
Got this from GPS - Gap's Shares Rise After Analyst Upgrade
Just In: $GPS When Human Rights Violations Are a Sell Signal
Many of us have been taught that having a long-term buy-and-hold strategy is an important key to successful investing. While that is certainly true, there are times when you need to summon the psychological flexibility to recognize that some element of your investing thesis has changed and it's ...
Got this from GPS - When Human Rights Violations Are a Sell Signal
nice rotation (opening trade) play here $GPS
... expecting a drop until GAP puts YEEZY on the board ...
... GAP UP ... #LootWallStreet
$GPS Masks sold out so fast executives performed a forensic study that led to their B2B PPE revenue stream!
... two identical buys of $22.5 MILLION after hours ... #GAPUP #LOOTWALLSTREET
Gap Inc. (GPS), which also owns the Old Navy and Banana Republic brands, swung to a $932 million loss in the three months to May 2, a period when 90% of its more than 3,300 stores around the world were closed due to the coronavirus pandemic. Sales fell 43% to $2 billion.
As stores reopen, Gap is squabbling with landlords, including Simon Property Group, the country's largest mall owner, over unpaid rent. Even before the pandemic, the Gap brand had been closing stores and analysts expect it to shrink further.
Gap rose to fame in the 1990s by dressing a generation of Americans in its khakis and T-shirts, but has since been overtaken by fast-fashion chains and new e-commerce players. Its sales have declined each year since 2013, dragging down results at parent Gap Inc.(GPS), where its new chief executive, Sonia Syngal, is trying to fashion a turnaround in the middle of a pandemic.
Ms. Syngal told the Journal in May that she is using the upheaval created by the coronavirus pandemic "to refashion the company for what we want it to look like over the next 50 years."
Mr. West, who is married to media phenom and entrepreneur Kim Kardashian, has long held fashion aspirations. In 2009, he interned at the Italian fashion house Fendi. His high-end line of Yeezy sneakers for Adidas, first introduced in 2015, are released in limited quantities and quickly sell out.
As recently as 2018, he had hoped to become artistic director of Louis Vuitton menswear. After some false starts, Yeezy returned to the fashion runway this year with a show in Paris that garnered positive reviews.
At Yeezy's Cody, Wyo., studio, Mr. West has been working on perfecting the hoodie. His version is chunky and slightly cropped at the waist. "The hoodie is arguably the most important piece of apparel of the last decade," Mr. West told the Journal in March.
A version of the hoodie -- along with T-shirts and jeans for men, women and children -- will be available at Gap stores and on its website beginning next year. Prices will be in line with Gap's other offerings, according to a company spokeswoman.
Brands are increasingly teaming up with musicians and other celebrities as they struggle to stay relevant. Last year, the singer Rihanna partnered with LVMH Moët Hennessy Louis Vuitton SE to create a new label called Fenty, while Lady Gaga signed a deal with Amazon.com Inc. to create a beauty collection for the online retailer.
Mr. West, who has 21 Grammy awards and whose Yeezy fashion brand had a tie-up with Nike Inc. and currently has one with Adidas AG, has talked about wanting to partner with Gap in various interviews over the years. He worked in a Gap store while growing up in Chicago and even rapped about the retailer in his 2004 song "Spaceship."
"I believe that Yeezy is the McDonald's and the Apple of apparel," Mr. West told The Wall Street Journal in March. "In order to make the Apple of apparel the next Gap, it has to be a new invention. To invent something that's so good that you don't even get credit for it because it's the norm."
Gap Inc. (GPS) is betting that the perfect hoodie and other clothes designed by music and fashion impresario Kanye West will help pull it out of its yearslong slump.
The casual-clothing retailer is teaming up with Mr. West's fashion brand Yeezy on a collection called Yeezy Gap that will debut next year, according to the companies. Yeezy will receive royalties and potential equity based on meeting sales targets.
News of the arrangement sent Gap's battered shares surging roughly 30% in Friday trading. The gain added more than $1 billion to the company's market capitalization. The stock is still down more than 25% year to date.
I think your right and wrong... people making more off unemployment and stimulus combined than actually working. Spending money on non essentials seems to be a trend.. not stereotyping but I see people even before this covid 19 selling their food stamps and buying clothing to fake it through. So their outfits cost more than their cars lol.. Online shopping and reasonably priced clothing now these people can look good while their kids go hungry lol... this will move... Doubt Kanye would want to invest himself with a flop deal.. jmho... it will move soon enough... it will be interesting nevertheless...
* * $GPS Video Chart 06-26-2020 * *
Link to Video - click here to watch the technical chart video
The malls are like ghost towns .. not looking good and right now clothes are not a priority with the uncertainty!
Yeah I misspoke.. I personal think they are in trouble .. I see the mall activity being slow .. and with people a little scared I’m not sure clothes are a big priority right now
70% of prior year... Not 70% more hahahahha are you crazy,
Let's do some math
What's 70% of going out of business #'s
Hahahha
Gap put out a statement saying revenues are up over seventy percent more then last year .. kind of odd their not paying their rent though!
6/05 Simon Property, biggest U.S. mall owner, sues GAP over skipped rent – CNBC
How do you expect anyone to buy from your website when it is practically unnavigable.
Items could be 95% off and I still wouldn't surf your sites.
7.40 Gap Inc. Announces Temporary Closure of Stores in North America
SAN FRANCISCO, March 18, 2020 /CNW/ - Gap Inc. (NYSE: GPS) today announced that, as a result of the escalating COVID-19 pandemic, it will temporarily close its Old Navy, Athleta, Banana Republic, Gap, Janie and Jack and Intermix stores across North America, effective March 19.
"Our focus remains on supporting the health and livelihood of our employees, while caring for our customers and communities. We will provide our impacted store employees with pay continuity and benefits during this two-week period. And, together, we look forward to welcoming our customers back in our stores soon."
"To assist the efforts underway to slow the spread of the coronavirus, we are closing all stores in North America for the next two weeks," said Sonia Syngal, incoming CEO, Gap Inc. "Our focus remains on supporting the health and livelihood of our employees, while caring for our customers and communities. We will provide our impacted store employees with pay continuity and benefits during this two-week period. And, together, we look forward to welcoming our customers back in our stores soon."
All of the portfolio's brands continue be available for customers through e-commerce channels: www.oldnavy.com, www.gap.com, www.gapfactory.com, www.bananarepublic.com, www.bananarepublicfactory.com, www.athleta.com, www.janieandjack.com and www.intermix.com,
To follow the latest news from Gap Inc., visit https://corporate.gapinc.com/en-us/news.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Fiscal year 2019 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through company-operated stores, franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.
News: $GPS Why You Should Avoid the Old Navy Spinoff
Gap Stores ' (NYSE: GPS) spinoff of discount chain Old Navy was once seen as a surefire way to realize value for shareholders of the ailing jeans and khakis retailer. But Old Navy has started to show signs of wear and tear in 2019. Now, it hardly looks better than the rest of Gap's bus...
Find out more GPS - Why You Should Avoid the Old Navy Spinoff
$GPS great article Gap Inc Nyse Gps Short Squeeze
ima wait for a lil higher then im in the short side
https://www.today.com/style/gap-announces-plan-close-more-200-stores-next-two-years-t149677
GPS DOWNGRADED[url][/url][tag]https://www.fairfieldcurrent.com/news/2019/03/04/valuengine-lowers-gap-gps-to-strong-sell.htmlinsert[/tag]
GAP DOWNGRADED[url][/url][tag]https://www.fairfieldcurrent.com/news/2019/03/04/valuengine-lowers-gap-gps-to-strong-sell.htmlinsert[/tag]
Probably a drop this week after last week's Pop.
https://www.forbes.com/sites/andriacheng/2019/03/01/gap-and-old-navy-are-going-separate-ways-but-whats-really-changed-here/#798b7468e4e2