The Gap Inc. (NYSE:GPS)’s traded shares stood at 1.84 million during the latest session, with the company’s beta value hitting 1.68. At the last check today, the stock’s price was $8.36, to imply a decrease of -0.30% or -$0.03 in intraday trading. The GPS share’s 52-week high remains $25.65, putting it -206.82% down since that … Should The Gap Inc. (NYSE: GPS) Rally After -206.82% Drop From High? Read More »
Gap (The) found using ticker (GPS) now have 19 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 18 and 7 with the average target price sitting at 9.65. Now with the previous closing price of 8.39 this would indicate that there is a potential upside of 15.0%. There is a 50 day moving average of 9.63 while the 200 day moving average is 12.73. The company has a market cap of $3,070m. Visit the company website at: https://www.gapinc.com [stock_market_widget type="chart" template="basic" color="green" assets="GPS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,531m based on the market concensus. The Gap operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.
In the latest trading session, 0.75 million The Gap Inc. (NYSE:GPS) shares changed hands as the company’s beta touched 1.68. With the company’s most recent per share price at $8.57 changing hands around $0.1 or 1.24% at last look, the market valuation stands at $3.22B. GPS’s current price is a discount, trading about -204.78% off … Let’s Jump Into The The Gap Inc. (NYSE: GPS) Stock Forecast Read More »
Usually, the winter season brings levity to people as the holidays approach, but the chilly economic nature this year brings up the uncomfortable topic of retail stocks to sell. Fundamentally, Federal Reserve Chair Jerome Powell indicated that his top priority is controlling inflation . What’s more, Powell made good on his statements, with the central bank raising the benchmark interest rate . Moving forward, it’s not so much about the rate hike itself (up 0.75%) that matters. Instead, it’s all about intentions. Essentially, the Fed will do whatever it takes to get inflation under control. If that means constantly raising rates until the target is achieved, that is what will happen. Naturally, stocks to sell became a hot topic — and not just for the retail segment. However, retail does garner a disproportionate amount of the negative spotlight because people can always cut back on discretionary spending. Therefore, investors will want to be extra cautious about the following stocks to sell.
Kanye West attends a Lakers in Los Angeles in March. Ronald Martinez/Getty Images Rapper Ye, formerly known as Kanye West, is offering a mea culpa to his ex Kim Kardashian. The musician and fashion designer sat down to talk about some of the battles he’s faced in the past month with his partnerships with Adidas, Gap and his relationship with Kardashian, in a new interview with “Good Morning America” released Thursday. When talking to ABC News’ Linsey Davis, he said the tension in his life was rooted in “a disregard” for his voice. Earlier in September, Ye used Instagram to publicly discuss some of the private conflicts he was having with Kardashian, including where his children would attend school. The 45-year-old artist said he wants “his kids to go to Donda,” a California private school named after Ye’s mother that operates on a “project-based learning model,” according to its website. “This is the mother of my children, and I apologize for any stress that I have caused even in my frustration because God calls me to be stronger,” Ye said. “But also, ain’t nobody else [about] to be causing no stress either.” Ye said he felt like he’s had to “fight” for his voice to be heard in co-parenting decisions, adding that it “hurts” when he has to “scream about what your kids are wearing.” The “Jesus Walks” rapper said the conflict within in his family was “parallel” to some of the conflicts he’s been experiencing with his fashion collaborations with Gap and Adidas. “It was all kind of a disregard for the voice of something that I co-created,” Ye said. “I co-created the children, I co-created the product at Adidas, I co-created the product at Gap. “There’s a parallel and the parallel does touch on discrimination,” he added.
More celebrities are launching personalized online marketplaces. Cortina enables celebrity marketplaces like Kourtney Kardashian''s Poosh and Graydon Carter''s Airmail. These marketplaces may soon replace department stores, Cortina founder Keith George says. In a few years, you might be buying everything from loafers to hair masks from celebrity marketplaces like Kourtney Kardashian''s Poosh and Graydon Carter''s Airmail instead of Macy''s or Nordstrom. Those new online stores use Cortina — a platform founded by Keith George, an alum of retail giants like Gap and Gilt Group, that helps celebrity marketplaces like Poosh and Airmail sell products to customers. "The names Macy''s and Saks, I think will have less influence over time than names like Kardashian, Drake, LeBron James," he told Insider. Gwenyth Paltrow''s Goop , which launched in 2008, set the celebrity-marketplace precedent. Unlike Amazon, it offers a more curated selection of products (think an LED sign handwritten by Paltrow herself or sateen sheets ) alongside lifestyle-related content like recipes, workout tips, and relationship advice.
Word of the cuts comes less than a week after Kanye West moved to end his partnership with the company.
The job cuts will be at the retailer''s offices in San Francisco and New York, as well as Asia. The post Gap confirms around 500 corporate job cuts in US and Asia appeared first on Retail Insight Network .
Gap has begun to look like failed retailers Sears and Kmart. Will if survive a tough holiday season?
NEW YORK - Gap is slashing 500 corporate jobs in San Francisco and New York as it looks to reduce expenses amid languishing sales, a company spokesperson confirmed on…
The company continues to struggle to keep profits up amid lackluster sales, outdated merchandise, branding and voice.
NEW YORK (AP) — Gap is slashing 500 corporate jobs in San Francisco and New York as it looks to reduce expenses amid languishing sales, a company spokesperson confirmed on Tuesday. The job cuts follow years of struggles at the San Francisco-based retailer, which operates stores under its namesake brand as well as Old Navy, Banana Republic and Athleta. But the pandemic as well as surging supply chain costs have exerted even more of a financial toll on the retailer. And last week, Gap and Kanye West ended their partnership to distribute the rap artist’s clothing line under the Yeezy name. The partnership was announced two years ago with much fanfare. As of Jan. 29, the company had a workforce of roughly 97,000 employees; 9% of them or roughly 8,700, work in corporate sites. The news comes as a string of other retailers have trimmed their staffing including Walmart, Best Buy and Peloton. Home goods retailer Bed Bath & Beyond, based in Union, New Jersey, said earlier this month that it will close about 150 of its namesakes stores and slash its workforce by 20%.
It looks like he was serious when he said he was done with corporate partners. The post Kanye West Reportedly Terminates Partnership With Gap appeared first on Above the Law .
Friday, September 16, 2022 – Rapper and Fashion designer, Kanye West has ended his partnership with retailer, Gap. Kanye who signed the deal with Gap in 2020 had hoped the collaboration could breathe new life into the Gap brand but on Thursday sent a formal notice proposing to end the deal while accusing the firm […]
“Everyone knows that I’m the leader, I’m the king,” West said.
Kanye West, who goes by Ye, says that he has terminated the contract between his company Yeezy and Gap. The move comes after Gap allegedly failed to meet its obligations in the companies’ agreement, including distributing Yeezy products in its stores by the second half of 2021 and creating dedicated… The post Kanye West terminates deal with Gap appeared first on FRCN HQ .
Rapper and designer Kanye West, who goes by "Ye," has terminated his Yeezy brand partnership with Gap Inc (NYSE: GPS ) two years after the deal was announced. "Everyone knows that, you know, I''m the leader, I''m the king, right, so a king can''t live in someone else''s castle. A king has to make his own castle," West said Thursday on CNBC''s "Closing Bell." What To Know: In June 2020, West announced a partnership with Gap to design and sell a line of clothing under the Yeezy Gap brand. Several reports have indicated that West''s lawyers sent a letter to Gap on Thursday , notifying the apparel chain of a termination of its agreement with Yeezy. The letter said Gap broke the agreement by failing to release apparel and open retail stores as planned. West confirmed those reports on Thursday afternoon. "It was always a dream of mine to be at the Gap and to bring the best product possible to the masses," West said before explaining what went wrong. West wanted to bring the quality of some of the …
Memo after public feud brings an early end to a two-year experiment that disappointed both sides
After weeks of going on a social media onslaught towards Gap and Adidas , the Chicago rapper formally let Gap know on Thursday that he is ending his partnership with the clothing retailer, according to the Wall Street Journal. Read more…
Gap (The) found using ticker (GPS) have now 18 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 18 and 7 calculating the mean target price we have 9.69. Given that the stocks previous close was at 9.96 this is indicating there is a potential downside of -2.7%. The 50 day moving average now sits at 9.53 and the 200 day MA is 13.13. The market capitalisation for the company is $3,397m. Visit the company website at: https://www.gapinc.com [stock_market_widget type="chart" template="basic" color="green" assets="GPS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,305m based on the market concensus. The Gap operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.
Wall Street enjoyed a relief rally during the summer. However, over the past month investors’ sentiment has once again changed. As a result, Americans are increasingly focused on picking stocks to sell while they brace for more volatility ahead. The S&P 500 has lost 16.5% in 2022. Meanwhile, the Nasdaq 100 index is still in bear-market territory, down nearly 25% so far this year. Market participants are trying to determine what the Fed will do and the consequences of its actions. The debate centers around whether the central bank’s fight to contain inflation will badly damage the U.S. economy in the near term. Meanwhile, investors continue to be worried about the war in Ukraine. According to JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon, a recession , or even “something worse,” could be coming. He suggested that the Fed’s monetary policies, Russia’s invasion of Ukraine, and rising oil prices could continue to create significant challenges for stocks. Against this backdrop, here are seven stocks to sell.
Rapper Kanye West said that he''s done with corporate sponsorships and will not renew his current contracts with Gap and Adidas when they expire - jeopardizing billions in revenue
Kanye West has said that he will “go it alone” once his deals with corporate partners Adidas and Gap expire. West told Bloomberg that he no longer wants to work… The post Kanye West says he will “go it alone” after the termination of contracts with Adidas and Gap appeared first on Latest Retail Technology News From Across The Globe - Charged .
West will need patience before he can be free of the two brands. His deal with Adidas expires in 2026, while his contract with Gap runs through 2030.
Kanye West said Adidas and Gap were "standing in between me and the audience," but his contracts with the two companies don''t expire for a few years.
Kanye West said he wants to "go it alone" and operate his Yeezy brand separate from Adidas and Gap, according to Bloomberg. West is under contract with the two companies but hasn''t shied away from criticizing them on Instagram. In an interview, West called Adidas and Gap his "baby mamas" and said they''d have to "co-parent" his designs for now. Kanye West says he wants to break away from corporate partners and operate his fashion empire independently. The rapper-turned-designer, who now goes by the name Ye, told Bloomberg that he no longer wants to work with Adidas and Gap after his contracts expire. "It''s time for me to go it alone. It''s fine. I made the companies money. The companies made me money. We created ideas that will change apparel forever," West told Bloomberg. "Now it''s time for Ye to make the new industry. No more companies standing in between me and the audience," he added. West has design partnerships with the two companies that are worth billions of dollars, and he''s locked into a contract with Adidas until 2026 and one with Gap until 2030.
Kanye West claimed he is “done” with corporate partners like The Gap (GPS), Adidas (ADDYY), and even JP Morgan (JPM) in an interview with Bloomberg on Monday.The rapper and producer…
In 2016, Kanye West''s apparel brand Yeezy partnered with Adidas AG - ADR (OTCQX: ADDYY ) for Adidas + Kanye West to manufacture footwear, apparel and accessories. This took place after West left Nike Inc (NYSE: NKE ) in 2013 because Adidas was willing to give West more control over his brand apparel and footwear. In June 2020, West partnered with Gap Inc (NYSE: GPS ) to deliver his brand''s products at an accessible price for millions of shoppers. What Happened: In a string of Instagram posts that are now deleted, West aired his issues with Adidas and Gap about copying his designs without permission and deliberately excluding him from meetings. According to HypeBeast, West wrote: “I really care about building something that changes the world and something I can leave to my kids. They tried to buy me out for $1 billion. My royalties next year are … Full story available on Benzinga.com
The Gap Inc. (NYSE:GPS) price on Thursday, September 08, rose 0.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.64. A look at the stock’s price movement, the close in the last trading session was $9.61, moving within a range at $8.92 and $9.66. The beta value … The Gap Inc. (GPS) Is A Possible Investment At Current Levels Read More »
Gap''s latest campaign wants to redefine--or rather, expand--the meaning of the term "icon." The apparel retailer, which attempting a creative renaissance fueled by "American optimism," launched its "Icons" campaign on Sept. 6 with a cast of people Gap''s global head of marketing, Mary Alderete, referred to as "culture shapers." Emmy-nominated singer, songwriter and producer Labrinth--the…
Kanye West has a love-hate relationship with the brands he partners with. It''s mostly hate if we are being honest. The latest spats with Adidas and Gap are perfect examples. West partnered with Adidas back in 2014, and signed a 10-year deal with Gap in 2020. Both brands have released popular products using the Yeezy…
Rapper Kanye West''s feud with Adidas and Gap has escalated in the last few days.
Anyone with basic knowledge of standard economic principles will likely understand why shares of clothing retailer Gap (NYSE:GPS) performed so poorly this year. With multidecade highs in inflation crimping household budgets, many consumers opted to focus their spending on critical goods and services. However, nothing in the market evolves linearly, allowing speculators to secure high-risk profits on GPS stock. Nevertheless, the fundamentals can’t be denied. I am bearish on GPS. To be clear, the idea of exiting the investment “opportunity” in Gap shares runs contrary to current fundamentals. Namely, the otherwise struggling retailer posted relatively solid results for its fiscal second quarter.
The musical artist on Monday posted on Instagram: ''Dear Ye, Your legal team recommends that we refrain from posting anything on Gap for another 10 days.''
Shoppers are changing their behavior as the US braces for the possibility of a recession. Dollar stores and value-focused brands like Walmart, Costco, and Burlington stand to benefit. But higher-end department stores and mid-range brands, already seeing slower sales, could take a hit. Some of America''s best-known retailers may have a tough road ahead if the US enters a recession. After months of sky-high inflation, shoppers are making different decisions about what they buy and where they buy it. Some retailers, particularly discount chains, could benefit from these spending shifts and luxury retailers will mostly be insulated. But mid-range retailers are already feeling the pinch — and things may only get more challenging if the economy worsens. Of course, there are still mixed signals right now about how the economy is really doing. Inflation isn''t as high as it was in June, but it''s still high enough to make it harder for people to pay rent or fill up their gas tanks. Job openings are declining and many companies, particularly tech firms, are laying off employees in droves .
Kanye West has taken to Instagram to voice his issues with his fashion brand collaborators, Gap and Adidas. The post Kanye West threatens to pull out of contract with Gap, Adidas appeared first on Nairametrics .
Kanye West admitted to having an addiction to porn, saying it “destroyed” his family. “Don’t let Kris make you do playboy like she made [Kylie] and Kim do,” he began in an Instagram post on Thursday, addressing Victoria Villarroel, Kylie Jenner’s former assistant. “Hollywood is a giant brothel Pornography destroyed my family I deal with the addiction instagram promotes it Not gonna let it happen to North and Chicago,” he continued. The “Donda” rapper was talking about Kris Jenner — who manages Kylie and his ex-wife, Kim Kardashian — supporting her daughters as they shot for Playboy magazine in September 2019 and 2007 respectively. This was one of the many posts the rapper shared on Instagram, where he called out his former mother-in-law, as well as Hillary Clinton, Mark Zuckerberg and Charlamagne tha God, who he has feuded with in the past. In his first post today, West greeted “Hilary” and “Mark” telling them that they were “gonna take me off Instagram.” He also declared, “My kids going to Donda / They not going to [their school] / Charlemagne the God [sic] and Kris / get your motherf–king popcorn.” He revealed it while commenting on Victoria Villarroel’s latest Instagram video.
"Stronger" rapper accused GAP of stealing designs from his Balenciaga collaboration.
The rapper recently accused Gap of ripping off his designs
Best Buy, Ulta, Gap and other top chains say that they are expecting a holiday shopping season packed with more discounts than previous years.
Gap (The) with ticker code (GPS) have now 20 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 29.5 and 6 calculating the average target price we see 10.52. With the stocks previous close at 9.48 this is indicating there is a potential upside of 11.0%. The 50 day MA is 9.43 and the 200 day MA is 13.72. The market capitalisation for the company is $3,558m. Company Website: https://www.gapinc.com [stock_market_widget type="chart" template="basic" color="green" assets="GPS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,949m based on the market concensus. The Gap operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.
At the close of the New York Stock Exchange, the Dow Jones fell 0.96% to a one-month low, the S&P 500 fell 1.10% and the NASDAQ Composite index shed 1.12%. The leading performer among the Dow Jones index components in today''s trading was American Express Company, which gained 0.12 points (0.08%) to close at 154.66. Quotes JPMorgan Chase & Co rose by 0.02 points (0.02%), ending trading at 114.41. Nike Inc lost 0.02 points (0.02%) to close at 107.86. The biggest losers were Dow Inc, which shed 1.49 points or 2.82% to end the session at 51.38. Caterpillar Inc was up 2.52% or 4.84 points to close at 186.94, while Chevron Corp was down 2.44% or 4.01 points to close at 160.62. . Leading gainers among the S&P 500 index components in today''s trading were EPAM Systems Inc, which rose 2.09% to 424.71, Gap Inc, which gained 2.00% to close at 9.67, and Paycom Soft, which rose 1.74% to end the session at 357.29. The biggest losers were CF Industries Holdings Inc, which shed 6.48% to close at 106.00.
Don''t count out Gap''s stock just yet, this analyst contends.
Protect Our Future, backed by crypto billionaire Sam Bankman-Fried, spent more than $24 million this year. The super PAC is part of a broader effort to support pandemic prevention advocates in Congress. Now, after boosting candidates including the likely first Gen Z member of Congress , the spending is over. Protect Our Future, a super PAC backed by a cryptocurrency billionaire that boosts Democrats who champion pandemic prevention, quickly became a major player in this year''s primaries after its establishment in January. As of this week, the group has spent more than $24 million in 18 Democratic House primaries nationwide — mostly on television ads — promoting upstart candidates who span the party''s ideological spectrum while ruffling plenty of feathers along the way . In total, 15 of the candidates the group spent significant sums of money on have emerged victorious from their primaries, the most recent being Maxwell Alejandro Frost, a 25-year-old gun violence prevention advocate who''s set to become the first Generation Z member of Congress after winning his party''s nomination for a deep blue seat in Florida. "He is a good example of a number of progressive champions that we''ve supported," Michael Sadowsky, president of Protect Our Future, said of Frost. "We think pandemic prevention is a cause area that can appeal throughout the ideological spectrum, and can have a broad coalition for it." Funded almost entirely by FTX cryptocurrency exchange CEO Sam Bankman-Fried, Protect Our Future has been the third-most prolific outside spender across either party this year, putting it on par with other major players like the Democratic-run Senate Majority PAC and United Democracy Project, the American Israeli Public Affairs Committee''s new super PAC .
Tuesday''s additional top analyst upgrades and downgrades were on Cabaletta Bio, Gap, Lockheed Martin, Northrop Grumman, Spire Global and more.
Retailers are overstocked on clothing, and some are packing it away in hopes of selling it in future seasons.
The Gap Inc. reported Q2 earnings that missed expectations, though somehow ripped 8%+ higher after hours on Aug.
Friday''s additional top analyst upgrades and downgrades were on Burlington Stores, Forge Global, Gap, Ulta Beauty, Zoom Video Communications and more.
Gap (GPS) is higher today, after reporting surprise second-quarter profits and a revenue beat
Futures Drift Lower Ahead Of Action Jackson Hawk-nado The day we''ve all been waiting for has finally arrived as Jerome Powell prepares for his keynote hawknado speech at the "Action Jackson" Hole. After yesterday''s unexpected last hour rally, US stock futures dropped and interest rates rose as jittery investor nerves took hold before Federal Reserve Chair Jerome Powell’s much-anticipated (hawkish) speech at the Jackson Hole symposium. S&P futures dropped 0.4% in a subdued session, while Nasdaq 100 futures fell 0.5% as of 7:15 a.m. ET. Both underlying indexes jumped Thursday, paring losses from earlier in the week, as bond yields dropped. Still, the benchmark S&P 500 is set for its second straight weekly decline as Fed policy makers sounded more hawkish about their outlook on rate hikes, even amid growing fears of a recession. Among notable movers in premarket trading, Affirm Holdings Inc. slumped after the payments company gave a revenue forecast for 2023 that missed the average analyst estimate.