Gap Inc
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Check out which companies are making headlines after the bell Thursday:
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Check out which companies are making headlines after the bell Thursday:
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May 23- Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia. The company, which also owns Banana Republic, posted net income of $333 million, or 71 cents per share, for the quarter ended May 4, up 42.9 percent from $223 million, or 47 cents per share, a year earlier.
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Clothing-store chain Gap delivered earnings and revenue that beat Wall Street expectations, an encouraging sign for the recovering retail sector.
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May 23- Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia.
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Three retailers could climb as 2013 wears on, Dana Telsey says.
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Volatile trading in stocks and bonds could continue as investors sort out what's going on with the Fed and whether markets have come to some sort of inflection point.
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WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON _ Commerce Department releases new home sales for April, 10 a.m..
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May 21- Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations."
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Bullish momentum should drive stocks higher into the week ahead, with all eyes on a speech by Fed Chairman Bernanke.
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The next week investors get the last wave of reports from retailers. Here's Pisani's take on the Weather effect and the names that count.
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This week on "Talking Squawk": David Tepper's "My Cousin Vinny" market call, Cisco's John Chambers, Bloomberg's "Surveillance," the IRS, the AP, and big hair and Sony.
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May 15- A trans-Atlantic divide between European and U.S. retailers over how best to respond to fatal disasters in Bangladesh textile factories split wide open on Wednesday, with U.S. retailers claiming their European counterparts are giving labor unions too much control over ensuring workplace safety.
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Tech upstarts are delivering disruption, and the cloud is the driver.
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Citigroup upgraded Gap to buy yesterday. Oliver Chen, analyst at Citigroup, weighs in.
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Wednesday is the deadline for retailers to decide whether to sign onto a fire-and-building safety agreement for Bangladesh, led by labor groups such as Europe's IndustriALL. Almost 30 garment and retail brands sourcing from Bangladesh- including the world's two biggest fashion retailers- have signed up so far, though few major U.S. companies have done so.
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Wednesday is the deadline for retailers to decide whether to join the consortium, led by labor groups such as Europe's IndustriALL, which said at least 24 garment and retail brands sourcing from Bangladesh had signed up so far.
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May 15- Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
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May 15- Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
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The upgrade comes less than a week after Standard& Poor's Ratings Services boosted its ratings for Gap Inc. The ratings agency said on Friday that it expects the retailer will be able to sustain recent growth trends.
