Latest Gap Inc News

A cyclist passes Macy's in Herald Square, Monday, March 23, 2020, in New York. Macy's stores nationwide are closed due to the coronavirus. (AP Photo/Mark Lennihan)

Macy's, Kohl's, Gap to furlough majority of their workers

Mar. 30, 2020 6:16 PM EDT

NEW YORK (AP) — Macy's, Kohl's and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemic. Macy's said the majority of its 125,000 employees will be furloughed...

Hilton, Gap fall; Sportsman's Warehouse rises

Mar. 27, 2020 4:45 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: VMware Inc.. down $8.98 to $115.74. The cloud-computing software company pulled its first-quarter and fiscal 2021 financial forecasts. Virtusa Corp., down $3.93 to $27.11. The information technology services company pulled its...

Adobe, Gap rise; Slack Technologies, Zuora fall

Mar. 13, 2020 4:23 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Adobe Inc., up $50.50 to $335.50. The software company's fiscal first-quarter earnings and revenue beat Wall Street forecasts. Slack Technologies Inc., down $1.76 to $19.59. The work messaging service gave investors a weak...

JPMorgan Chase, Square fall, Big Lots, Opko Health rise

Mar. 6, 2020 4:24 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: JP Morgan Chase & Co., down $5.89 to $108.08. The bank said that CEO Jamie Dimon is recovering after he underwent emergency heart surgery Thursday. Starbucks Corp., down 85 cents to $75.34. The coffee chain said a key sales...

Gap taps Old Navy executive as new CEO as it eyes turnaround

Mar. 5, 2020 5:43 PM EST

NEW YORK (AP) — Gap on Thursday named an executive at its Old Navy brand as its new CEO in the hopes that she can turn the struggling company around. Sonia Syngal, who has overseen the Old Navy brand since 2016, will start as CEO of Gap Inc. later this month. The clothing company has been looking for a...