New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
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."
News For GPS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 22, 2015
07:44 EDTGPSGap turnaround timing remains uncertain, says UBS
Subscribe for More Information
07:14 EDTGPSCredit Suisse remains cautious on The Gap
Credit Suisse believes The Gap's (GPS) core brand continues to struggle and is losing relevance with consumers. The firm's analyst said Gap brand's value proposition is being eroded by the rise of low-cost "deep value" retailers with efficient supply chains and lower markdown risk. Credit Suisse said Gap's supply chain is reliant on long-lead times and design teams removed from production, which should lead to comp and earnings pressure. Credit Suisse rates The Gap an Underperform with a $34 price target.
May 21, 2015
20:08 EDTGPSAnalysts unimpressed by Gap's Q1 results
Subscribe for More Information
16:02 EDTGPSGap backs FY15 EPS $2.75-$2.80, consensus $2.78
Subscribe for More Information
16:01 EDTGPSGap reports Q1 EPS 56c, consensus 56c
Subscribe for More Information
15:01 EDTGPSNotable companies reporting after market close
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use