Actionable news
0
All posts from Actionable news
Actionable news in GPS: THE GAP Inc,

Gap (GPS) Stock Extends Earlier Losses, Weighed Down by Weak March Comps

NEW YORK (TheStreet) -- The Gap (GPS - Get Report) shares are continuing to dive, down 13.71% to $23.89 on Friday afternoon following the San Francisco-based apparel retailer's same-store sales results for the month of March that missed analysts' expectations.

Comparable store sales slumped 6% year-over-year, below Wall Street's forecasts of a 5% decline, and worse than the 2% increase it reported a year ago.

Banana Republic and Old Navy same-store sales fell 14% and 6%, respectively.

Back by Popular Demand…“Confessions of a Street Addict” Get a FREE signed copy of Jim Cramer’s national best-seller when you gain access to his multi-million...


More