Gap plans to spin off Old Navy into separate company; shares jump 18 per cent

📆 01/03/2019 02:22:00
📰 globeandmail

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 92%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Gap plans to spin off Old Navy into separate company; shares jump 18 per cent GlobeBusiness

“It’s clear that Old Navy’s business model and customers have increasingly diverged from our specialty brands over time,” Gap’s Chairman Robert Fisher said.The company also said it plans to close 230 Gap specialty stores over the next two years.

Gap’s overall same-store sales fell 1 per cent in the fourth quarter ended Feb. 2, compared to analysts’ average estimate of 0.3 percent rise, according to IBES data from Refinitiv. Gap, Athleta, Banana Republic and the remaining brands will be part of a yet-to-be-named company. The separation is expected to be completed by 2020, Gap said.Tickers mentioned in this story

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Canadian dollar weakens as current account gap widens, stocks fallCanadian dollar weakens as current account gap widens, stocks fall GlobeInvestor globeinvestor Good!!
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »