CNBC's Jim Cramer said Friday that Gap's disappointing earnings report and poor morale there was a "downer" for him.» Read More
NEW YORK— U.S. stocks were mostly unchanged in late afternoon trading Friday as energy companies fell along with the price of oil. OIL DROP: The price of oil fell $1, or 1.6 percent, to close at $59.72 a barrel, helping push down the stocks of drillers and other energy-related companies. Hess Corp. lost 1 percent.
Dorothy Lakner, Topeka Capital Markets, provides perspective on what's hurting the apparel retailer and why things are working at Old Navy.
"Fast Money" traders discussed how to play retailer Gap's mixed earnings report and CVS' acquisition of Omnicare.
May 21- Apparel retailer Gap Inc reported an 8 percent fall in quarterly profit, hurt by a stronger dollar, supply delays in the United States and lower demand for its namesake brand. Gap's Old Navy line, however, has attracted more customers with its affordable-yet-trendy merchandise, helping it become the largest brand by sales in the company's portfolio.
SAN FRANCISCO _ Gap Inc. on Thursday reported fiscal first-quarter net income of $239 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of 56 cents per share. Fifteen analysts surveyed by Zacks expected $3.7 billion.
NEW YORK— Gap Inc. reported an 8 percent decline in its first-quarter profit, as results were hurt by currency fluctuations and persistent sluggish sales at its Gap and Banana Republic stores. The San Francisco- based company, however, stuck with its annual profit outlook Thursday. The company's Old Navy brand has been a bright spot, while it's trying to turn...
May 21- Apparel retailer Gap Inc reported an 8 percent fall in quarterly profit, hurt by a stronger dollar, supply delays in the United States and lower demand for its namesake brand. Gap's Old Navy line, however, has drawn customers with its affordable-yet-trendy merchandise, helping it become the largest brand by sales in the company's portfolio.
U.S. stocks traded in a narrow range on Thursday as investors eyed slightly lower bond yields and mostly shook off the morning's mixed economic data.
U.S. stock index futures indicated a softer open on Thursday, ahead of existing home sales.
As Los Angeles moves to raise the minimum wage to $15 an hour, a key question now is which other large cities might follow suit and hike pay.
Fresh off its latest $11 billion valuation, Pinterest is unveiling more advertising options to attract marketer dollars.
Wednesday's Fed minutes along with housing data might cause turbulence.
Next week's Fed minutes along with housing data might cause turbulence.
Entrepreneur Allan Shoemake claims to have created a smartphone case for the selfie generation that can make users flawless—in a snap.
H&M launched its first national recruiting campaign on Thursday to support its expansion in the United States, USA Today reports.
Facebook unveiled new standards for contracted workers at its vendors including a $15 minimum wage and paid time off.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. AOL Inc., up $7.93 to $50.52. Rackspace Hosting Inc., down $7.17 to $45.96.
Some of the names on the move ahead of the open.
Take a look at some of Monday's after-hours buzz: Rackspace, Gap, Depomed & more
Gap Inc. says the strong dollar is hurting its revenue. The retailer behind the Gap, Old Navy and Banana Republic brands said Monday that its first-quarter revenue fell 3 percent to $3.66 billion. That includes an 8 percent drop at Banana Republic, 10 percent drop at Gap and a 3 percent increase at Old Navy.