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Gap says its sales saw a 5% decline in the fiscal fourth quarter
- Gap says its sales saw a 5% decline in the fiscal fourth quarter.
- The clothing company reports £168.67 million of net income.
- Gap shares were roughly 3.5% up in extended trading on Thursday.
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3 fashion retail stocks to invest in 2020
Fashion retail is on the rise again, judging by the financial results of major players in this sector. Earlier this year, the pandemic created havoc in this industry as lockdown measures forced stores to close. However, the fact that people couldn’t shop in stores actually accelerated the shift towards e-commerce…
September 20, 2020
Is JD Sports stock a buy after the dividend is scrapped?
Shares of JD Sports Fashion (LON: JD.) gapped more than 9% higher today despite the fact that the sportswear retailer scrapping its dividend following a plunge in pre-tax profits. Fundamental analysis: Better-than-expected results? JD Sports said today it plans to scrap its dividend following the company’s earnings report that…
September 8, 2020
L Brands stock price erupts 20% on corporate job cuts
Shares of Limited Brands Inc (NYSE: LB) erupted more than 20% in after-hours trading after the owner of Victoria’s Secret announced plans to cut 850 of its corporate workforce. Shares have surged to over $23 to hit a new 5-month high. Fundamental analysis: Victoria’s Secret impact the most L…
July 29, 2020
B&M stock price hits record highs as profits smash expectations
Shares of B&M European Value Retail SA (LON: BME) opened nearly 10% higher this morning in London after the convenience retailer said it expects to easily beat earnings expectations for the first half of the year. As a result, the B&M stock price hit an all-time high today. Fundamental…
July 28, 2020