Gap Inc. Experience Strong Holiday Start Despite Old Navy Sales Decline
Thursday, 21 November 2024, 21:55
Gap Inc. Posts Strong Results for Holiday Season
Gap Inc., a leader in the apparel retail sector, has raised its guidance following a promising start to the holiday shopping season. The company reported optimism among investors as rising shares reflect confidence in its revised outlook.
Old Navy Sales Challenge
Despite the positive overall performance, the retail industry faced challenges, particularly with Old Navy experiencing sales declines attributed to hurricanes that led to store closures and unexpectedly warm weather that impacted sales in the kids category.
- Confirmation of Strong Holiday Start
- Gap Inc. raises guidance ahead of the festive season
- Old Navy's sales hit by extreme weather
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