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Top related persons:
Brendan McDermid - 1 Richard Dickson - 1 Deborah Weinswig - 1 Weinswig - 1 Zachary Warring - 1 Katrina O’Connell - 1 Ananya Mariam Rajesh - 1 Kate Masters - 1
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REUTERS - 1 Old Navy - 1 Walmart - 1 Banana - 1 Gap's - 1 Republic - 1 Navy - 1 Banana Republic - 1

Search resuls for: "Katrina O’Connell"


3 mentions found


☆ Gap earnings beat outshines bleak holiday-quarter sales forecast
  + stars: | 2023-11-16 | by ( Katherine Masters Ananya Mariam Rajesh | Katherine Masters | Ananya Mariam Rajesh | ) www.reuters.com   time to read: +3 min
The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York June 16, 2015. The company expects fourth-quarter net sales to be flat to slightly negative, compared with analysts' expectations for a 0.33% rise, according to LSEG data. Banana Republic and Athleta's sales fell 11% and 18% in the third quarter, while Old Navy, Gap's biggest brand, recorded a 1% decline. Its net sales of $3.78 billion - mainly aided by its Old Navy brand - beat Wall Street expectations of $3.60 billion. Gap reiterated that fiscal 2023 net sales would decline in the mid-single-digit range.
Persons: Brendan McDermid, Richard Dickson, Deborah Weinswig, Weinswig, Zachary Warring, Katrina O’Connell, Ananya Mariam Rajesh, Kate Masters, Devika Syamnath, Matthew Lewis Organizations: REUTERS, Old Navy, Walmart, Banana, Gap's, Republic, Navy, Banana Republic, Thomson Locations: Manhattan, New York, Bengaluru
☆ Denim shorts in winter: Express, Gap stores glutted with prior seasons' goods
  + stars: | 2022-12-07 | by ( Arriana Mclymore | Thomson Reuters | Arriana Mclymore Reports On The Business Of Law | ) www.reuters.com   time to read: +5 min
[1/3] Customers are seen inside the Express store in Broomfield, Colorado August 28, 2013. At risk are retailers' margins during the critical holiday shopping season and their efforts to be the go-to location for trendy fashions. Shopper demand has put a strain on apparel retailers throughout the year, boosting inventories and forcing retailers including Gap, Victoria's Secret and Kohl's, to slash prices. Deals since October and over Thanksgiving weekend were up in both frequency and discounting depth, including from clothing retailers, according to research from Jane Hali & Associates. Express' third-quarter margins are expected to fall to 29.7% from 33.22% a year earlier, according to analysts' estimates on Refinitiv.
☆ Retailers’ Holiday Discounts Are Steeper This Year, CFOs Say
  + stars: | 2022-11-23 | by ( Kristin Broughton | ) www.wsj.com   time to read: +5 min
Some chief financial officers in the retail sector say markdowns are necessary to start the new year without the drag of excess stock on their shelves. Other CFOs say their companies view the promotional environment as an opportunity to attract more customers. Below is a roundup of retail CFOs’ remarks on this topic during recent earnings calls. All the surveys that we’ve seen would indicate that the value is going to be an important driver for the customer. Historically, we’ve managed a collection of four basic inventory levers: cancellations, [return-to-vendors], push outs and vendor allowances, or VAs.
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