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Stock Market & Financial Investment News

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November 20, 2012
16:37 EDTGPSS&P revises Gap outlook to positive, 'BB+' rating affirmed
Standard & Poor's Ratings Services said that it revised its outlook on San Francisco-based specialty apparel retailer The Gap to positive from stable. At the same time, we affirmed our ratings, including the 'BB+' corporate credit rating on the company. The rating on Gap reflects Standard & Poor's Ratings Services' assessment of the company's "fair" business risk profile and "intermediate" financial risk profile. "Gap's business risk profile reflects our view of Gap's good market position in casual apparel, strong brand name, and geographic diversity," said Standard & Poor's credit analyst Helena Song. "We also believe Gap has demonstrated some improvement in product merchandising and regaining customer traffic in recent quarters, as same-store sales turned positive in the first three quarters of 2012."
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July 21, 2014
14:02 EDTGPSGap expands brand to Slovenia and Austria
Gap announced that it will introduce the Gap brand to Slovenia and Austria through agreements with new and existing franchise partners. Magistrat International has been selected for the launch of Slovenia and Gottex, which currently manages the Gap franchise business in Israel and Hungary, will launch Austria. Gap has signed a new agreement with Magistrat International to open three stores for the first time later this year in the capital city of Ljubljana. City Park. All locations are scheduled to open by September this year. Gap will also open its first store in Vienna, Austria this October through an existing relationship with Gottex Brands, which is a part of the Trimera Group.

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