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Stock Market & Financial Investment News

News Breaks
December 4, 2012
11:16 EDTGPSNomura cautious on GAP's holiday performance
Nomura came away from a GAP management meeting increasingly cautious regarding holiday sales due to Kohl's overload of inventory and the potential for increased promotional activity.
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August 26, 2015
20:03 EDTGPSGap to stop on-call shifts by late September
In a company blog post published Wednesday, Gap announced a commitment to eliminate the use of on-call shifts across the organization. The work began earlier in the summer, said the company, and all five brands have aligned on a complete phase-out of this practice by the end of September. Additionally, each of Gap's brands has committed to improving scheduling policies to provide store employees with at least 10-14 days notice. The majority of brands will be rolling out these new policies in September, and all Gap brands are committed to phasing in advanced schedules by early 2016. Reference Link
August 20, 2015
18:13 EDTGPSGap says FY16 currency headwinds may be the same as FY15
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17:03 EDTGPSGap sees Q3-end inventory dollars per store down slightly year-over-year
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17:02 EDTGPSGap sees FY15 net new company-operated stores about flat
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16:05 EDTGPSGap backs FY15 EPS view of $2.75-$2.80, consensus $2.73
Gap reaffirmed its full-year EPS guidance to be in the range of $2.75-$2.80 for FY15, excluding the negative impact associated with the strategic actions. The company updated its estimate of the charges associated with the strategic actions to approximately $130M-$140M, from the previously announced range of $140M-$160M. This guidance is provided to enhance visibility into the company's expectations regarding its ongoing business, excluding the strategic actions. Gap continues to expect operating margin, excluding the impact associated with the strategic actions, to be down about 1 percentage point in FY15 compared with FY14.
16:03 EDTGPSGap reports Q2 SSS down 2%
Comparable sales by global brand for Q2 were as follows: Gap Global: negative 6% versus negative 5% last year; Banana Republic Global: negative 4% versus flat last year; Old Navy Global: positive 3% versus positive 4% last year.
16:01 EDTGPSGap reports Q2 EPS ex-items 64c, consensus 64c
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14:42 EDTGPSNotable companies reporting after market close
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14:37 EDTGPSGap technical comments ahead of earnings
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August 19, 2015
07:34 EDTGPSGap August volatility elevated into Q2 and outlook
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