gap inc.
Healthier Retail Sales, but Will It Last?
Many retailers have raised guidance for their upcoming first-quarter earnings reports and saw modest gains in April sales. But stores warn that May could be a weak month due to a late Memorial Day this year. And concerns remain over the health of consumer demand.
Gap's Profit Jumps 45% on Higher Margins
Gap posted fourth-quarter profit that jumped nearly 45%, topping analyst expectations, as the parent of Banana Republic and Old Navy enjoyed higher merchandise margins than in the year-ago quarter. Next up: The retailer wants to increase market share and sales growth in 2010.
Earnings Preview: Gap and Limited Brands
Wall Street is hoping profits are back in style when two specialty retailing biggies -- Victoria's Secret parent Limited Brands and Gap Inc. -- report fourth-quarter results. Both are forecast to post improved earnings after a year of maneuvering to boost profit margins despite lower sales.
