Gap raises annual sales target betting on steady holiday demand [Yahoo! Finance]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: Yahoo! Finance
With shoppers budgeting to purchase trendy styles, Gap's strategy of paring back discounts and stocking fresher, popular items in its stores has helped the company appeal to a broader customer base. The Banana Republic owner reported sales growth for a fourth consecutive quarter as it executes a turnaround under CEO Richard Dickson, who took on the role in August 2023. Gap now expects full-year net sales to rise between 1.5% and 2%, compared with its earlier target of marginal growth. The company's shares were up about 7% in after-hours trade. Dickson has emphasized returning to the company's roots as a "pop culture brand," creating marketing campaigns for its casual wear that focus on music and fashion, such as "Get Loose." The holiday period was off to a "strong start," Dickson said in a statement, after the company's third-quarter net sales rose 2% to $3.8 billion, aligned with estimates. Gap's Old Navy brand has also been gaining back lost ground with fresher styles f
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