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NEW YORK (AP) — The actor picked to play the iconic, baby-faced flapper Betty Boop in a new stage musical is a triple threat from Texas with a contagious laugh. Jasmine Amy Rogers will star in “BOOP! The Betty Boop Musical” making its debut this fall in Chicago with hopes that it can charm itself to Broadway. I have so many people around me that are helping me find her and bring her to life, and so it’s really, really exciting,” Rogers told The Associated Press before her official unveiling Wednesday. Betty Boop has been a queen of animated cartoon characters since 1930, wearing round eyes, a strapless minidress, with a garter peeking out above her knee and large hoop earrings in her ears.

Persons: Betty Boop, Jasmine Amy Rogers, “ BOOP, ” Rogers, Jerry Mitchell, Rogers, Nancy ”, they’ve, ‘, ’ ”, Mitchell, Tony, “ Kinky Boots, ”, Rotten, “, She’s, David Foster, Susan Birkenhead, Bob Martin, Betty, she’s, “ I’m, Jasmine, Gretchen Wieners, ” “, ‘ ’, it’s, I’ve, Roger Rabbit, ___ Mark Kennedy Organizations: Broadway, Associated Press, Alliance Theatre, Manhattan School of Music, ” Fleischer Studios Locations: Texas, Chicago, Atlanta, New Jersey, Nancy

☆ Gap taps top Mattel executive to be its new CEO
▼ + stars: | 2023-07-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Gap announced Wednesday it's poached a top Mattel executive to be its new CEO as the apparel giant seeks to reverse an ongoing sales slump and regain its relevancy in the fashion industry. Since then, Gap's chairman, Bob Martin, has been serving as interim CEO during a longer-than-expected search for a successor. During a May earnings call, Martin told investors he didn't expect to hold the position of interim CEO as long as he had. Gap shares gained about 6% on Wednesday after the news, while shares of Mattel fell slightly. During his tenure with Mattel, Dickson is credited with reviving the Barbie franchise and growing the toymaker's other top brands, including Hot Wheels and Fisher-Price, according to Mattel.

Persons: it's, Richard Dickson, Sonia Syngal, Bob Martin, Martin, Dickson, Price Organizations: Mattel

☆ Gap to lay off about 1,800 employees in second round of job cuts
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

April 27 (Reuters) - Gap Inc (GPS.N) said on Thursday it would cut about 1,800 jobs in a second round of layoffs, joining a set of big U.S. companies that are downsizing in earnest as high inflation eats into consumer wallets. In September, Gap eliminated about 500 corporate workers across a range of departments as it struggled to protect margins and battled weak sales. As of Jan. 28, the apparel chain had about 95,000 employees, according to a regulatory filing. The Wall Street Journal first reported on the new round of job cuts earlier this week. Reporting by Anne Florentyna Gnanaraja Sekar and Ananya Mariam Rajesh in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Gap to lay off 1,800 workers as part of broad push to cut costs
▼ + stars: | 2023-04-27 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +4 min

The Gap logo is displayed at a Gap store on April 25, 2023 in Los Angeles, California. Gap will lay off about 1,800 employees as part of a broad effort to cut costs and streamline operations, the company said Thursday. The layoffs are expected to result in annualized savings of $300 million, Gap's interim CEO Bob Martin said in a statement. The layoffs will cost Gap about $100 million to $120 million in aggregate pre-tax costs, according to a securities filing. About 9% of its global staff work in headquarter locations.

☆ Gap will cut more than 500 workers in latest layoffs, as struggling retailer tries to reduce costs
▼ + stars: | 2023-04-25 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +3 min

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Gap is laying off more than 500 employees in an attempt to cut costs and become more efficient, as the company tries to move back to profitability, CNBC has learned. The cuts come after Martin told investors during a March earnings call that the apparel retailer's staff has been "dampened by a complicated organizational structure, bureaucracy, and outdated processes." It managed to turn an annual net profit in 2021, but reported net losses in both 2020 and 2022. As of Jan. 28, Gap employed about 95,000 staff members, 81% of which work in retail locations.

☆ Gap sees weak annual sales as inflation-hit consumers rein in spending
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

March 9 (Reuters) - Gap Inc (GPS.N) on Thursday posted a bigger-than-expected fourth-quarter loss and forecast full-year sales below Wall Street estimates, signaling a slowdown in demand for its products as inflation-weary consumers curb discretionary spending. Shares of the company fell about 7% in extended trading after the Banana Republic parent also forecast first-quarter sales below estimates. The company also said president and chief executive officer of its Athleta brand, Mary Beth Laughton, was exiting the business, effective on Thursday. Sales at Old Navy, Gap's biggest brand, slid 6%, while at Athleta, which sponsors U.S. Olympic gymnast Simone Biles, they were down 1%. The company posted a fourth-quarter loss of 75 cents per share, compared to estimates of a loss of 46 cents.

☆ Gap announces big loss, declining sales and executive shakeup
▼ + stars: | 2023-03-09 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

Gap reported sales of $4.24 billion, down 6% from $4.53 billion a year earlier. Online sales, which represent 41% of total net sales, plummeted 10% compared to last year, the company said. It expected first quarter net sales to decrease in the mid-single digit range compared to the prior fiscal year and expects fiscal 2023 net sales to decrease in the low to mid-single digit range. Overall, net sales for the year dropped to $15.62 billion compared to $16.67 billion in the prior fiscal year. Net losses for the year came in at $202 million, compared to a net income of $256 million in the prior fiscal year.

☆ Medical tourism looking sickly as patients watch their spending
▼ + stars: | 2023-02-27 | by ( Joanna Plucinska | ) www.reuters.com time to read: +5 min

"People are more cautious," Knott told Reuters, staring at the empty building across the street from his existing Kreativ Dental clinic. Rising air fares and fewer flights - and the memory of last summer's travel chaos - are also putting off would-be patients, clinic operators and analysts told Reuters. A hip or knee replacement at Nordorthopaedics in Lithuania is about 15% more expensive now than five years ago, the clinic told Reuters. Lyfboat, an Indian company providing medical services for foreign patients, told Reuters it has collaborated with a fundraising platform called ImpactGuru to help patients pay for essential surgeries. ACUTE VS ELECTIVEThe International Medical Travel Journal, published by market intelligence service LaingBuisson, estimates the medical tourism market is currently worth around $21 billion, less than pre-pandemic, although editor Keith Pollard warned data is poor.

☆ Gap eliminates 500 corporate jobs amid shrinking profitability
▼ + stars: | 2022-09-20 | by ( ) www.nbcnews.com time to read: +1 min

Gap Inc. is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at brands including Old Navy. The company is laying off staff and eliminating positions that are currently open across a range of departments, it said. Shares of the Banana Republic parent declined about 3% in afternoon trade, taking the year-to-date decline to 48%. Late last month, the company withdrew its annual forecasts due to an inventory glut and weak sales. The company had a workforce of about 97,000 employees as of Jan. 29, with around 9% of employees working at its headquarters locations, according to a regulatory filing.

☆ Gap eliminates 500 corporate jobs amid shrinking margins
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe Gap logo is seen on the front of the company's store on Oxford Street in London, Britain, July 1, 2021. REUTERS/John SibleySept 20 (Reuters) - Gap Inc (GPS.N) is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at brands including Old Navy. Register now for FREE unlimited access to Reuters.com RegisterShares of the Banana Republic parent declined about 3% in afternoon trade, taking the year-to-date decline to 48%. Late last month, the company withdrew its annual forecasts due to an inventory glut and weak sales. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

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