74.08 F
New York
June 9, 2021

Gap Inc

Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds

CNBC
CNBC – For more and to sign up click here Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon Athletica said Thursday fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper......

Stocks making the biggest moves midday: AMC, Ulta Beauty, Best Buy, HP and more

CNBC
CNBC – For more and to sign up click here Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360......

Gap CEO says the retailer’s ‘cool’ factor and Walmart’s scale make tie-up the perfect match

CNBC
CNBC – For more and to sign up click here Gap CEO Sonia Syngal thinks Walmart is the perfect partner for the apparel retailer as the two companies endeavor to launch a new home brand together. “This is a new chapter for us,” Syngal told CNBC’s Jim Cramer on “Mad......

Gap sales top pre-pandemic levels, as turnaround efforts gain traction, retailer raises 2021 outlook

CNBC
CNBC – For more and to sign up click here A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap said Thursday its fiscal first-quarter sales surpassed pre-pandemic levels, as shoppers turned to Old Navy and Athleta to refresh their wardrobes for summer. The retailer raised......

Best Buy says hot housing market is boosting demand for TVs, home consultations

CNBC Real Estate
A shopper checks out appliances for sale at the Best Buy store in Miami, Florida. Joe Raedle | Getty Images As Americans move into new houses, remodel homes and watch real estate values rise, Best Buy CEO Corie Barry said they are buying appliances and big-screen TVs and hiring the......

Walmart and Gap are coming together to create an exclusive home decor brand

CNBC
CNBC – For more and to sign up click here Gap and Walmart are launching an exclusive home decor brand, Gap Home. It will launch on the big-box retailer’s website and eventually be sold at stores. Walmart Walmart has inked a multiyear deal with Gap to create a home goods......

Cramer says keep buying dips in the stock market due to ‘stampede’ of bullish catalysts

CNBC
CNBC – For more and to sign up click here Investors should take advantage of market pullbacks in the near-term, CNBC’s Jim Cramer said Tuesday, suggesting there’s a range of positive catalysts that will propel stocks higher. “The stock market runs on cycles. When you have this many running at......

After George Floyd was killed, retailers pledged to put Black-owned brands on shelves. Here’s how it’s going

CNBC
CNBC – For more and to sign up click here Cora and Stefan Miller started a hair care company after they had their son, Kade, and struggled to find hair products for him. Young King Hair Care is now sold by Walmart and Target. When Cora Miller had her son,......

Cramer’s week ahead: Big week of earnings with Snowflake and Toll Brothers reporting

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer is eager to begin focusing back on the stock market, but the cryptocurrency craze is still capturing Wall Street’s attention. He expects that bitcoin and other speculative coins will continue to be top of mind, and the......

Amazon says vaccinated workers can ditch masks starting next week

CNBC
CNBC – For more and to sign up click here An Amazon worker inside a warehouse during coronavirus pandemic Amazon said Wednesday it will soon stop requiring face masks for fully vaccinated workers inside warehouses, except where required by law. Starting Monday, fully vaccinated operations employees in the U.S. will......

Starbucks won’t require masks for fully vaccinated customers, unless required by law

CNBC
CNBC – For more and to sign up click here People wear protective face masks outside Starbucks in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 29, 2020 in New York City. Noam Galai | Getty Images......

CDC director defends telling fully vaccinated they can go without masks amid confusion in states, cities

CNBC
CNBC – For more and to sign up click here Centers for Disease Control and Prevention Director Dr. Rochelle Walensky is seen during a Senate Health, Education, Labor and Pensions Committee hearing to discuss the on-going federal response to COVID-19, at the U.S. Capitol in Washington, D.C., May 11, 2021.......

Walmart, Costco drop store mask requirement for customers, employees who are fully vaccinated

CNBC
CNBC – For more and to sign up click here Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press | Corbis News | Getty Images Walmart......

MLB says Oakland A’s can explore new markets, but it’s not clear where they’d go

CNBC
CNBC – For more and to sign up click here A general view of the Oakland Athletics playing against the Houston Astros with a limited capacity crowd at RingCentral Coliseum on April 03, 2021 in Oakland, California. Ezra Shaw | Getty Images Perhaps Major League Baseball is bluffing as it......

Walmart acquires virtual fitting room company Zeekit, as it makes push into fashion

CNBC
CNBC – For more and to sign up click here Walmart said Thursday that it will acquire virtual fitting room start-up Zeekit, as it makes a push into fashion and caters to customers shopping for clothes online. Financial terms of the deal were not disclosed. The retailer declined an interview,......

Investors are being driven out of the flashy stocks into ‘boring’ names as the economy grows, Jim Cramer says

CNBC
CNBC – For more and to sign up click here Many stocks that were up in Monday’s session will continue winning, while those that declined will likely keep melting down, CNBC’s Jim Cramer said. “The stocks that held up today are the ones that belong to companies with products that......

Mall owner Simon’s CEO sees shopper ‘euphoria’ as people return to stores

CNBC
CNBC – For more and to sign up click here Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters The biggest U.S. mall owner Simon Property Group says......

Cramer rejects Buffett’s stance on stock picking, endorses a hybrid investing model

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Monday rejected Warren Buffett’s assertion that Wall Street’s new retail investors stay away from individual stock picking in favor of investing in index funds. “I respect Warren Buffett, but I’ll always be a Peter Lynch guy,”......

Retail stocks surge as Florida and New York announce plans to lift Covid restrictions

CNBC
CNBC – For more and to sign up click here A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC A number of retail stocks surged Monday as investors looked for ways to buy into the economy reopening, after several large states further loosened Covid restrictions or......

Gap is taking its Athleta workout brand to Canada, rival Lululemon’s home turf

CNBC
CNBC – For more and to sign up click here An employee rings up a customer’s purchases at the Athleta store in New York. Ron Antonelli | Bloomberg | Getty Images Gap Inc. announced Tuesday plans to sell its Athleta brand in Canada, rival Lululemon‘s home turf. It marks the......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More