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News Breaks | | | | September 12, 2012 | | 06:09 EDT |  | GPS, JCP, TGT | Gap names Michael Francis as marketing adviser, Reuters reports
Gap (GPS) has named Michael Francis, a former J.C. Penney (JCP) and Target (TGT) executive, as a marketing adviser, Reuters reports. Reference Link | |
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News For GPS;JCP;TGT From The Last 14 Days Check below for free stories on GPS;JCP;TGT the last two weeks. |
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| May 24, 2013 | | 10:06 EDT |  | GPS | Gap trades lower after results, levels to watch
 Subscribe for More Information | | | 07:49 EDT |  | GPS | Gap remains a top pick following Q1 results at Jefferies
Subscribe for More Information | | | May 23, 2013 | | 18:54 EDT |  | GPS | On The Fly: After Hours Movers
UP AFTER EARNINGS: Pandora (P), up 9%... Infoblox (BLOX) up 16.8%... Marvell (MRVL), up 7.3%. DOWN AFTER EARNINGS: Sears Holding (SHLD), down 11.6%... salesforce.com (CRM), down 6.2%... Gap (GPS), down 3.2%... Aeropostale (ARO), down 3.1%. ALSO LOWER: AVEO Pharmaceuticals (AVEO), down 12.9% after disclosing that its partner Astellas will not submit an EMA marketing application for tivozanib... Titan Machinery (TITN), down 12.4% after saying it sees first quarter earnings below consensus and the company cut its full-year earnings view. | | | 17:30 EDT | | GPS | Gap sees Q4 results negatively impacted from foreign currency headwinds
Subscribe for More Information | | | 16:07 EDT | | GPS | Gap expects to open about 160 company owned stores in FY13
In FY13, the company expects to open about 160 company-operated stores, focused on Athleta, Gap China, Old Navy Japan, and global outlet stores. The company expects that it will close about 80 company-operated stores. The closures are weighted towards Gap North America, consistent with the company's previously stated strategy. Given its focus on growing through new channels and geographies, the company continues to expect square footage to increase about 1% in FY13. For FY13, the company continues to expect capital spending to be approximately $675M in support of its outlined strategies. The company continues to expect that operating margin for FY13 will be about 13%. | | | 16:03 EDT | | GPS | Gap reports Q1 Gap Global SSS up 3% vs. up 2% last year
Reports Q1 Old Navy Global SSS up 3% versus up 4% last year; Banana Republic Global SSS flat versus up 5% last year. | | | 16:02 EDT |  | GPS | Gap reaffirms FY13 EPS view $2.52-$2.60, consensus $2.73
Subscribe for More Information | | | 16:00 EDT | | GPS | Gap reports Q1 EPS 71c, consensus 69c
Subscribe for More Information | | | 15:52 EDT |  | GPS | Gap May 41 weekly straddle priced for 3.1% movement into Q1
| | | 15:24 EDT | | GPS | Notable companies reporting after market close
Subscribe for More Information | | | | 14:58 EDT | | JCP | J.C. Penney May volatility at eight-month lows
J.C. Penney overall option implied volatility of 52 is below its 26-week average of 62 according to Track Data, suggesting decreasing price movement. | | | 14:45 EDT | | TGT | Retailers file new suit against card companies over swipe fees, Bloomberg says
Subscribe for More Information | | | 11:59 EDT | | TGT | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | 08:06 EDT | | TGT | Target positive catalysts still intact, says Wells Fargo
Subscribe for More Information | | | May 22, 2013 | | 19:29 EDT | | GPS | Gap shares may be overheated, WSJ says
Subscribe for More Information | | | 16:25 EDT |  | TGT | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 16:12 EDT | | JCP | J.C. Penney enters into new $2.25B credit facility
J. C. Penney Company announced that its wholly owned subsidiary, J. C. Penney Corporation, has entered into a new five-year $2.25B senior secured term loan credit facility. The size of the facility was increased from the $1.75B anticipated in the commitment letter the company announced on April 29. | | | 12:20 EDT | | TGT | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:13 EDT | | TGT | Target continues to see EPS of $8 or more by 2017
Subscribe for More Information | | | 11:10 EDT | | TGT | Target lowers FY13 SSS view to 2%-2.5% from prior view 2.7%
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