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Stock Market & Financial Investment News

News Breaks
March 1, 2014
15:30 EDTGPSGap plans to expand store count in China, WSJ says
U.S clothing retailer Gap plans to open 25 Gap stores and up to 10 Gap outlet stores in China in 2014, says the Wall Street Journal. In an interview, Jeff Kirwan, president of Gap's China division, said, "The opportunity in China is undeniable," added the Wall Street Journal. The Gap currently has 80 stores in the country. Reference Link
News For GPS From The Last 14 Days
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May 22, 2015
07:44 EDTGPSGap turnaround timing remains uncertain, says UBS
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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
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16:02 EDTGPSGap backs FY15 EPS $2.75-$2.80, consensus $2.78
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16:01 EDTGPSGap reports Q1 EPS 56c, consensus 56c
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15:01 EDTGPSNotable companies reporting after market close
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