Gap Inc. has recently upgraded its sales outlook for the fiscal year, signaling improved performance across its brand portfolio, which includes popular names like Old Navy, Banana Republic, and Athleta. The apparel retailer now anticipates sales growth between 1.5 percent to 2 percent, a notable increase from its earlier forecast of less than 1 percent. […]
This Week: Retail Earnings Get Messy
This week, retail giants such as Gap, Abercrombie, and Lululemon are revealing their earnings amid rising anxiety about a slowdown in consumer spending. The retail sector is navigating tempestuous waters, as reports show a concerning trend of weaker sales, adjusted year-end forecasts, and expectations for more aggressive discounting strategies. Recent performance by companies like Macy’s […]