Gap Inc
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It's Fed Chairman Ben Bernanke's turn to weigh in on whether the economy is strong enough to justify the Fed slowing down its easing any time soon.
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Thanks to more efficient operations and compelling product, both consumers and investors are falling back into the Gap, reports CNBC's Courtney Reagan.
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As the popularity of yoga grows, so does the need for yoga attire with larger waistlines. Brands are finding there is demand for plus-sized yoga apparel.
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STOCKHOLM/ MADRID, May 13- The world's two biggest fashion retailers Inditex and H&M, along with several other companies, have backed an accord aimed at preventing a repeat of last month's collapse at a Bangladesh factory building that killed more than 1,100 people.
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It's good to remember that some turnarounds have happy endings. For retailer Gap, the current outcome is a positive one as investors are again falling into the Gap.
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The world's two biggest fashion retailers backed an accord aimed at preventing a repeat of last month's collapse of a Bangladesh factory building.
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The retailer is making a turnaround, reports CNBC's Courtney Reagan.
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Inspired by the glitz and glamour of the 1920s, several retailers are launching Great Gatsby-themed lines.
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NEW YORK-- Standard& Poor's Ratings Services on Friday raised its ratings on Gap Inc., saying it expects the retailer can sustain its recent growth trends. Gap, based in San Francisco, owns its namesake brand, as well as Old Navy, Banana Republic, Athleta and Piperlime. Gap shares rose $2.18, or 5.6 percent, to close at $40.99.
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Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.
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*Nasdaq rises after results from Priceline, Nvidia. "We're getting more constructive on the second half of the year as both the market and the economy are picking up," said Terry DuFrene, investment specialist for JP Morgan Private Bank in New Orleans. "
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SAN FRANCISCO-- Gap Inc. said Thursday that a key revenue figure rose 7 percent in April, driven by strong results at its namesake Gap and Old Navy stores. The figure rose 8 percent at Gap, 9 percent at Old Navy and 1 percent at Banana Republic. Total revenue for the four-week period ended May 4 rose 5 percent to $1.21 billion.
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Check out which companies are making headlines after the bell Thursday:
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Wall Street analysts got ahead of themselves with upbeat expectations, said AlixPartners' Managing Director Steve Nevill, noting that unemployment remained high, and consumers were still worried about their prospects.
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A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
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After the deadly Bangladesh building collapse, some retailers are sharing information about how their products were made. The NYT reports.
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*Costco, L Brands miss estimates. May 9- Costco Wholesale Corp and Victoria's Secret parent L Brands Inc reported smaller-than-expected sales gains in April, when consumer mood swooned on concerns about the job market recovery.
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*Buckle, Zumiez shares rise as sales top views. That was less than the 4.3 percent increase Wall Street expected. Wall Street got ahead of itself with upbeat expectations, said AlixPartners' Managing Director Steve Nevill, noting that unemployment remained high and consumers were still worried about their prospects.
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*Wells Fargo raises to outperform from market perform- theflyonthewall.com.
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NEW YORK-- A cool start to the year may have chilled sales for retailers, who roll out their monthly sales numbers Thursday. Those who cut deeper this year according to Sterne Agee were the Gap, which also owns Old Navy and Banana Republic, as well as American Eagle Outfitters Inc. and Abercrombie& Fitch Co..
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Major retailers like Wal-Mart, J.C. Penney, Gap, Nike and Target are feeling a new degree of pressure to re-assess global sourcing strategies. And that may prompt them to take some potentially costly steps.