HomeTagsGap Inc sales

Tag: Gap Inc sales

Gap Stock Jumps More Than 28% on Strong Earnings Result

Clothing and accessories retailer Gap shared an impressive earnings report and raised its full-year guidance, causing its stock to surge 28.6%. Gap reported 41 cents in earnings per share, while the analysts expected 14 cents. The revenue came at  $3.39 billion, significantly more than the...

Gap Inc. to Lay Off 1,800 Workers as Part of Cost-Cutting Efforts

The widespread layoffs in big tech firms are now spilling out to other industries. Clothing retailer Gap announced on Thursday that it plans to lay off 1,800 employees as part of the company’s cost-cutting efforts. Gap first initiated job cuts in September when it announced...