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Last $36.05 USD
Change Today -0.15 / -0.41%
Volume 2.2M
GPS On Other Exchanges
New York
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

gap inc/the (GPS) Key Developments

Gap Closes Store in Belden Village Mall

Gap closed its Gap and Gap Kids stores in Belden Village Mall. A Gap Kids store was part of the closed Belden Village operation. The local store is one of 175 the company is shutting down around the country. The Gap announced that move on June 15. It's part of what the company calls a strategic initiative designed to increase profits.

The Gap to Close its Stores in Destiny USA and the Shops at Ithaca Mall on July 26, 2015

The Gap is closing its stores in Destiny USA and The Shops at Ithaca Mall on July 26, 2015. That'll leave the Gap at Sangertown Square in New Hartford as the only Central New York location for the chain. The retailer announced in June that it would shed 175 stores in the next few years, including 140 this fiscal year. The company is closing only Gap stores. Its other brands, Old Navy, Banana Republic and Athleta, are unaffected. Gap outlets also are safe. So the stores at the Waterloo Premium Outlets west of Syracuse and Town Square Mall in Vestal will remain open. Even after the closings, Gap will have a sizeable footprint. It'll have 500 stores in North America, plus another 300 outlets. The chain has 1,600 stores worldwide.

The Gap Inc. Closes Downtown Minneapolis Store at IDS Center

The Gap Inc. is closing downtown Minneapolis store at IDS Center. The Gap is exiting downtown Minneapolis after 22 years in IDS Center.

Gap Inc. Reports Sales Results for the Month Ended July 4, 2015

Gap Inc. reported sales results for the month ended July 4, 2015. For the month, the company reported that net sales of $1.54 billion or flat compared with last year. On a constant currency basis, June 2015 net sales increased 2% compared with last year. In calculating the net sales change on a constant currency basis, current year foreign exchange rates are applied to both current year and prior year net sales. This is done to enhance the visibility of underlying sales trends, excluding the impact of foreign currency exchange rate fluctuations.

The Gap, Inc., Period Ending Jul 04, 2015 Pre Recorded Sales/ Trading Statement Call, Jul 09, 2015

The Gap, Inc., Period Ending Jul 04, 2015 Pre Recorded Sales/ Trading Statement Call, Jul 09, 2015


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Price/Earnings 12.6x
Price/Sales 0.9x
Price/Book 5.3x
Price/Cash Flow 12.2x
TEV/Sales 0.8x

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