Gap Inc. has revised its sales outlook upwards due to strong demand for its namesake brand and Old Navy, resulting in a significant rise in its share price. Under the new leadership of Richard Dickson, Gap has managed to rejuvenate its brand appeal without compromising profitability. The retailer has implemented a series of changes, including style overhauls and celebrity promotions, which have been well-received by Wall Street. Shares soar.
The Gap has overhauled styles and embraced celebrity promotions, and Wall Street likes what it sees https://t.co/6JsvjJGV4U
Heard on the Street: Gap’s new leadership is bringing excitement back to all of the apparel retailer’s brands without sacrificing profitability https://t.co/IYMTSBpKbR
Although it was delivered off the back of some weak prior year numbers, Gap’s positive sales growth of 3.4% is another win for Richard Dickson and his team. I chatted with Bloomberg about yesterday's results... https://t.co/P6kLqdcyG3
MyPOV: good news for some retail. @Gap Snaps Slump With Sales Gain https://t.co/vSMg6fKdFw
Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar https://t.co/mrvvWkOtmu https://t.co/pLjSqc7C5h