Gap's Q3 Boost and Athleta Recovery Signal Rising Rivalry with Lululemon [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
Gap ( NYSE:GAP ). The retailer linked the achievement to better operations over its banners and a strong beginning to the Christmas shopping season. Warning! GuruFocus has detected 5 Warning Signs with BA. CEO Richard Dickson pointed out a comeback at Athleta, Gap's activewear company, which showed a 5% rise in comparable sales throughout the quarter. "This quarter, we reached an inflection point with a positive plus 5% comp and we're feeling increasingly confident in the trajectory of the brand," Dickson said on the conference call. Strong sales of basic productsespecially bottomsas well as limited-edition items helped to explain the success. Analyst Lorraine Hutchinson of Bank of America (BAC) attributed Athlete's expansion to improved customer experience, creative product development, and strong marketing. For Gap during the pivotal holiday quarter Hutchinson's team forecasts a 5% equivalent sales increase. As Gap shows rising strength in the sportswear sector, the company's
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