Gap Profit Falls, Forecast For Year Is Better

EARNINGSGap profit falls in 1st quarterGap said that its first-quarter profit fell 22 percent, as the clothing chain's results were hampered by foreign currency fluctuations and a slow start to spring selling. [...] the San Francisco retailer, which operates stores under the Gap, Old Navy and Banana Republic names, reiterated its annual profit outlook. "After a disappointing start, I'm pleased with how the business performed toward the end of the quarter, especially at Old Navy," Glenn Murphy, chairman and CEO, said in a statement. ECONOMYJobless claims up, but still lowThe number of people seeking U.S.

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News