Tag: Gap Inc stock

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...

Gap Inc shares declined by over 8% during Thursday's after-market session after the company reported its fourth-quarter fiscal 2022 results. The company incurred a wider loss than expected. Despite inflationary pressures which have curbed demand, Gap decided to lower excess inventory levels and focus on...

Clothing retailer Gap Inc announced a CEO change on Monday. The company parted ways with Sonia Syngal, who stepped down from the position after two and a half years. Bob Martin, who serves as the company's executive chairman of the board, will step in...