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News Breaks | | | | December 18, 2012 | | 12:39 EDT |  | GPS | Gap announces plans to open first stand-alone stores in Brazil
Gap announced plans for the first stand-alone Gap stores in Brazil as part of the company's continuing global expansion strategy. Gap Inc. signed an agreement with Tudo Bom Comercio Ltda. for the planned opening of the first stores in the fall of 2013. Gap Inc. plans to expand its store base in the country over the next five years, part of its strong platform of growth in the Brazilian retail market. "Brazil is a critical next step in our global expansion strategy and we are excited to introduce our store experience to customers," said Stefan Laban, Managing Director of Strategic Alliances, Gap Inc. "Given that Brazil is the fifth largest country in the world and the largest Latin American economy, we feel that this market provides us with an incredible growth opportunity." Previously, Gap offered its products solely through duty-free channels throughout Brazil. The first Gap stores will open in Sao Paulo, the country's largest city followed by Rio de Janerio. The stores will house Gap, GapKids and babyGap collections. | |
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News For GPS From The Last 14 Days Check below for free stories on GPS the last two weeks. |
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| May 15, 2013 | | 10:13 EDT |  | GPS | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aeropostale (ARO) upgraded to Outperform from Market Perform at BMO Capital... Gap (GPS) upgraded to Buy from Neutral at Citigroup... PS Business Parks (PSB) upgraded to Market Perform from Underperform at BMO Capital... Redwood Trust (RWT) upgraded to Outperform from Market Perform at FBR Capital... Regal-Beloit (RBC) upgraded to Outperform from Neutral at Credit Suisse... Unilever (UN) upgraded to Buy from Reduce at Nomura... Prudential (PRU) upgraded to Buy from Hold at Argus... Inergy, L.P. (NRGY) upgraded to Overweight from Neutral at JPMorgan... Noble Energy (NBL) upgraded to Buy from Hold at Stifel... Halcon Resources (HK) upgraded to Buy from Hold at Stifel. | | | 07:45 EDT |  | GPS | Gap expectations are now too high, says Lazard Capital
Lazard Capital estimates the calendar shift in Q1 added to Gap $150M in revenue and 8c-10c, which it believes is not understood by most investors and analysts. The firm still likes the stock longer term and keeps a Buy rating on Gap, but says expectations are now too high since Q4 consensus estimates did not come down to reflect the calendar shift. Note shares of Gap were upgraded this morning at Citigroup. | | | 05:44 EDT | | GPS | Gap upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Gap citing improved merchandise, inventory control and expectations for continued comp store sales consistency. Citi raised its price target for shares to $48 from $40. | | | May 12, 2013 | | 15:50 EDT | | GPS | S&P raises Gap ratings to 'BBB-' from 'BB+'
 Subscribe for More Information | | | May 10, 2013 | | 10:01 EDT |  | GPS | Gap spikes higher after guidance, True Religion buyout
The company guided higher last night after the close, putting Q1 results at 68 cents to 69 cents per share versus expectations of 56 cents. At the current price of $41.07, next resistance is at $42.79. Support is at $40.13. The True Religion (TRLG) take-private deal from TowerBrook at $32 is lending a bid to other clothing retailers. | | | 09:21 EDT | | GPS | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:46 EDT | | GPS | David’s Bridal names Gap executive Pamela Wallack as CEO
Subscribe for More Information | | | May 9, 2013 | | 16:03 EDT | | GPS | Gap shares rally 6% to $41.50 after Q1 outlook tops estimates
Subscribe for More Information | | | 16:02 EDT |  | GPS | Gap sees Q1 EPS 68c-69c, consensus 56c
Subscribe for More Information | | | 16:02 EDT | | GPS | Gap reports Q1 revenue $3.73B, consensus $3.67B
Subscribe for More Information | | | | 16:01 EDT | | GPS | Gap reports April SSS up 8%
Subscribe for More Information | | | May 8, 2013 | | 07:44 EDT |  | GPS | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | | | May 7, 2013 | | 10:00 EDT | | GPS | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 06:05 EDT | | GPS | Gap upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Gap after transferring coverage of the stock with a $42-$44 price target range. Wells believes Gap's U.S. business is improving while its growth opportunities are underappreciated. | |
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