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Stock Market & Financial Investment News

News Breaks
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.
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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