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Stock Market & Financial Investment News

News Breaks
November 13, 2012
14:30 EDTGPSGap outer month volatility flat into Q3 and holiday margin outlook
Gap November call option implied volatility is at 57, December is at 33, January is at 30; compared to its 26-week average of 32 according to Track Data, suggesting non-directional price movement after the expected release of Q3 on November 15.
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January 29, 2015
13:23 EDTGPSGap says eliminating Creative Director role
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January 23, 2015
15:37 EDTGPSGap to close Piperlime brand
Gap announced the decision to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015. The company is committed to executing against its long-term strategy of driving profitable top line sales, and going into the new fiscal year, the company will focus on its portfolio of five brands – Gap, Old Navy, Banana Republic, Athleta and Intermix, as well as digital and global growth. While Gap Inc. does not break out Piperlime’s sales independently, the brand is by far the smallest of the company’s portfolio with yearly revenue below $100M, representing less than 1% of Gap Inc.’s total revenue base of over $16B, the company said. The wind-down costs associated with the decision are not material to the company’s financials, Gap added.
January 21, 2015
12:12 EDTGPSBest Buy, home retailers seen getting biggest bump from Sears demise
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