Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR
Menu
Social
Latest News

News Summary: Gap raises outlook for year

(AP) - BOTTOM LINE: Gap Inc. raised its outlook for the year after the clothing retailer said stronger sales helped lift its net income by 60 percent in the third quarter.

NICE FIT: The San Francisco-based company said sales at stores open at least a year rose 6 percent in North America, with Gap, Banana Republic and Old Navy all logging gains.

CHANGING ROOM: The company is in turnaround mode and last month announced a management overhaul aimed at responding quickly to changing tastes around the world. The company says it's going from an "American-centric company" to more of a global brand.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

comments powered by Disqus
Latest News