The Gap, Inc.

Equities

GPS

US3647601083

Apparel & Accessories Retailers

Real-time Estimate Cboe BZX Other stock markets 09:44:55 2024-04-26 am EDT			5-day change	1st Jan Change
20.34 ^USD	+0.62%		-3.85%	-3.30%

Apr. 04	Levi Strauss surges on profit forecast raise as direct customer sales, cost cuts pay off	RE
Apr. 04	Coach Sues Gap Over Unauthorized Sale of 'Coach' T-Shirts	MT

Gap Shares Slip After Kanye West Says He Is Terminating Partnership

September 15, 2022 at 10:14 am EDT

By Kathryn Hardison

Shares of Gap Inc. edged 3.2% lower, to $9.04, on Thursday after Kanye West formally notified the apparel chain that he is terminating his partnership with the company.

Gap and Mr. West announced a partnership in 2020 to develop a collection of clothing under the Yeezy Gap brand. Mr. West's lawyers on Thursday sent a letter to Gap notifying the company of his plans to walk away. According to the letter, Gap breached the agreement by not releasing apparel and opening retail stores as planned, The Wall Street Journal reported.

The rapper and designer recently on social media has criticized the Gap agreement and a similar deal he has with Adidas AG.

American depositary receipts of Adidas edge 3.8% lower, to $68.41.

Write to Kathryn Hardison at kathryn.hardison@wsj.com

(END) Dow Jones Newswires

09-15-22 1214ET

Latest news about The Gap, Inc.

Levi Strauss surges on profit forecast raise as direct customer sales, cost cuts pay off	Apr. 04	RE
Coach Sues Gap Over Unauthorized Sale of 'Coach' T-Shirts	Apr. 04	MT
Coach sues Gap for selling 'Coach' T-shirts	Apr. 03	RE
Gap Insider Sold Shares Worth $485,880, According to a Recent SEC Filing	Mar. 28	MT
Gap Insider Sold Shares Worth $262,990, According to a Recent SEC Filing	Mar. 28	MT
Gap Insider Sold Shares Worth $274,270, According to a Recent SEC Filing	Mar. 28	MT
Bob L. Martin Not Stand for Re-Election as Director of the Gap, Inc. Upon the Conclusion of the Annual Meeting	Mar. 27	CI
Gap Insider Sold Shares Worth $3,135,004, According to a Recent SEC Filing	Mar. 27	MT
Wells Fargo Raises Gap Price Target to $32 From $25, Maintains Overweight Rating	Mar. 26	MT
Gap Insider Sold Shares Worth $666,128, According to a Recent SEC Filing	Mar. 26	MT
Gap Insider Sold Shares Worth $767,010, According to a Recent SEC Filing	Mar. 26	MT
Gap Insider Sold Shares Worth $520,006, According to a Recent SEC Filing	Mar. 22	MT
Gap Insider Sold Shares Worth $2,698,200, According to a Recent SEC Filing	Mar. 21	MT
Gap Insider Sold Shares Worth $1,144,675, According to a Recent SEC Filing	Mar. 21	MT
Gap Insider Sold Shares Worth $704,603, According to a Recent SEC Filing	Mar. 18	MT
Gap Insider Sold Shares Worth $1,162,582, According to a Recent SEC Filing	Mar. 18	MT
Gap Insider Sold Shares Worth $556,140, According to a Recent SEC Filing	Mar. 14	MT
Goldman Sachs Adjusts Price Target on Gap to $24 From $18, Keeps Buy Rating	Mar. 11	MT
North American Morning Briefing : Stock Futures -2-	Mar. 11	DJ
Wall Street slips from records with Nasdaq leading declines	Mar. 08	RE
Tech-heavy Nasdaq slips as chip stocks slide from record highs	Mar. 08	RE
Wall St set to open higher after jobs report	Mar. 08	RE
KGI Securities Upgrades Gap to Outperform From Hold, Adjusts Price Target to $25.20 From $9.10	Mar. 08	MT
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Friday Ahead of Key Jobs Report	Mar. 08	MT
Gap: return to positive EPS in Q4	Mar. 08	CF

Chart The Gap, Inc.

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Company Profile

The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.

Sector

Apparel & Accessories Retailers

Calendar

2024-05-07 - Annual General Meeting

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Income Statement Evolution

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Analysis / Opinion

The Gap, Inc. : Something doesn't seem right

November 20, 2023 at 10:07 am EST

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Ratings for The Gap, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

20.22 USD

Average target price

21.63 USD

Spread / Average Target

+6.98%

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Quarterly earnings - Rate of surprise

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