The Gap Inc. (NYSE:GPS) reported its third quarter 2014 financial results with declining Old Navy sales and the shares of the apparel brand rallied down 4% during extended hour trading. The apparel manufacturer trimmed down its earnings forecast for 2014. At the same time, the company elected two new global brand presidents for Gap and…
The Gap Inc. (GPS) Raised Profit Forecast with Expansion Plans in India
With motivating second quarter 2014 financial results, The Gap Inc. (NYSE:GPS) has raised its earnings guidance for fiscal 2015 to $2.95-$3.00. The company reported financial results for second quarter on August 21, 2014 and as per its expansion plans; the company is planning to open up to 40 new stores in India. According to the…