Retailers have kept inventories in check, but signs are already emerging that they may not have broken consumers' addiction to discounts just yet.» Read More
NEW YORK— Retailer Gap said Thursday it approved the repurchase of up to $500 million in company stock. The San Francisco- based company had approved a $1 billion buyback last November. This month, the company announced that an executive focused on digital efforts, Art Peck, would replace Glenn Murphy as CEO.
A number of brands have turned the tables, first developing their virtual presence, and later moving into the physical space.
American workers' hourly wages in the private sector rose just 2 percent over the past 12 months, in line with what has been seen over the past few years, and was roughly flat in September, a Labor Department report showed last week. It gets affected by things such as the ISIL threat and the Ebola threat and issues that make people worry, "said Hugh Johnson, chairman and...
Take a look at some of Thursday's after hours buzz: AMZN, SYMC & more.
The selloff, which put the S&P 500 at its lowest since August 7, followed weak data from Germany, Europe's largest economy, and comments from a Fed official who suggested investors had unrealistic expectations about the Fed's eventual rate increase. "Investors are focused on the uncertainty about the economy," said Michael Yoshikami, CEO and founder at...
Stocks dropped Thursday as investors considered corporate earnings and a decline in weekly jobless claims.
Glenn Murphy began talking with the Gap board at the beginning of the year about his desire to retire, Bobby Martin said.
NEW YORK, Oct 9- U.S. stocks slid on Thursday, erasing the previous session's sharp rally, on lingering concern about the strength of the global economy and after a Federal Reserve official said market views on rate hikes are at odds with the central bank's. St. Louis Federal Reserve Bank President James Bullard said the disconnect between the market's view on the...
The news shook the confidence of investors and analysts alike, with four key firms downgrading their ratings on the apparel retailer.
NEW YORK, Oct 9- U.S. stocks fell on Thursday, dragged by commodity-related shares on demand concerns after yet another weak data point out of Germany, the euro zone's largest economy. "Right now, one of the main preoccupations investors have is what's going on in the international economy," said Bernard Baumohl, managing director at the Economic Outlook Group in...
"Right now, one of the main preoccupations investors have is what's going on in the international economy, which has gravely complicated the outlook for the global economy," said Bernard Baumohl, managing director at the Economic Outlook Group in Princeton, New Jersey. The third-quarter earnings season got off to a strong start, with both Alcoa Inc and PepsiCo Inc...
The reasons for the CEO shake-up are unknown, but overall Gap "just isn't that bad," says CNBC's Jim Cramer.
Some of the names on the move ahead of the open.
CNBC's Courtney Reagan discusses Gap CEO Glenn Murphy's announced retirement and who will take over the company.
The "Fast Money" traders share their final trades of the day.
Oct 8- Gap Inc Chief Executive Glenn Murphy will retire in February and hand over the reins of the apparel retailer to its digital business head Art Peck, as the company looks to tap customers' increasing preference for online shopping. He will also join the board of the company, which owns fashion brands such as Gap, Banana Republic and Old Navy.
Check out which companies are making headlines after the bell Wednesday: Gap, AMD, Alcoa & more.
Oct 8- Apparel retailer Gap Inc said Art Peck, who heads the company's growth, innovation and digital division, would take over as chief executive, effective Feb. 1. Peck will succeed Glenn Murphy, who will retire after heading the company for seven years, Gap said in a statement. Under Murphy's leadership, Gap expanded to 50 countries, including China, from about 10,...
Art Peck, Gap's president of growth, innovation and digital, will take over as CEO, while director Bob Fisher will become chairman.
With a fast-growing working population and falling dependency ratio, Cambodia has the demographics most favorable to rapid economic growth.