In the wake of several Wall Street firms downgrading GAP, Pamela Quintiliano, SunTrust specialty retail & apparel, thinks the stock is going nowhere. Adrienne Tennant, Janney Montgomery Scott specialty apparel analyst, believes the stock is a long-term out performer.» Read More
On Wall Street, there’s a guilty pleasure in watching the rich and powerful stumble. After the resignation Dell Chief Executive Kevin Rollins, many investors began quietly asking where the axe might fall next. Jon Ogg, the editor of 24/7 Wall Street.com, has accurately predicted changes at the helm of Home Depot, Gap and, as we mentioned, Dell. Today on CNBC’s “Street Signs,” we asked the question that everyone is wondering.
Gap Inc. said on Thursday it has tapped Marka Hansen, president of its Banana Republic brand, to lead the retailer's struggling Gap brand.
Gap interim Chief Executive Robert Fisher is assuring the clothing retailer's employees that the company is not for sale, the New York Post reported, citing sources.
Gap said Monday that its president and chief executive officer, Paul Pressler, will step down from his post effective immediately.
Stocks in the U.S. for now look headed to open flat to lower-- after yesterday's rocky trading. Europe is moving lower and oil is getting a lift from cold weather. Some big companies will roll out earnings reports today, to a market that has become hypersensitive to corporate earnings growth. Bank America, Johnson & Johnson and DuPont all report today.
"Squawk Box" kicked off a new series this morning--Fire and Ice--a look at how the unusually warm weather is helping and hurting areas of the U.S. economy. The focus today is on retail. When the weather's too warm--many people don't shop for cold weather items--as some holiday season retailers found out last month. December in the U.S. was one of the warmest on record.
Stocks closed higher after bargain hunters stepped in to drive up shares of financials, technology and industrials.
Gap has hired Goldman Sachs to help it explore strategic alternatives that could include the sale of the company, people familiar with the situation have told CNBC's David Faber.
CNBC’s David Faber reported this afternoon that Gap Inc. has hired Goldman Sachs to help it find some strategic business alternatives. There’s speculation that a sale is possible. Whether that means company's founding family-- the Fishers--will take the retail giant private or a private equity will buy it out remains to be seen.
Retailers reported mixed sales for December, as unusually warm weather hurt sales of winter apparel but stores with high-end or big-ticket items lured shoppers at the end of the month.
Markets? Markets? We Don’t Need No Markets!: During its nearly 18-year history, CNBC has employed a number of programming strategies on days when the markets are closed. Today is one such day - as the nation honors the memory of its 38th president, Gerald Ford. In this instance, we chose to go with regular live programming....
Attention holiday shoppers: Waiting until the last minute may land you a few deals, but you may not find the gift you're looking for.
There is a big, giant bullseye painted in bright red over the entire retail sector. Private equity firms are sniffing around targets like the Gap (which, according to Women's Wear Daily, may have a bidder in Eddie Lampert), Barnes and Noble, and Home Depot.
After being out of vogue for years, department stores are making a big comeback this holiday season.
An important niche in the retail industry, teens are expected to top the $159 billion they spent last year last year, so CNBC’s Julia Boorstin tagged along with a group of girls in Los Angeles to discover what’s hip, hot and on many a wish list.