Gap Inc. reports lower same-store sales
May 31, 2019
Gap Inc. reported the biggest decline in same-stores since 2016 as the company’s normally strong Old Navy banner saw comps fall one percent in the most recent quarter. The company’s shares fell 12 percent in after-hours trading. Gap Inc. CEO Art Peck said the retailer experienced slower traffic, partly due to poor weather conditions, and also failed to execute in a number of areas, as well.
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.