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Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar, ET Retail

Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as Americans snap up its trendy denims and limited edition apparel. Gap s quarterly store sales jumped 3% from a year ago as it has been expanding its store presence, while online sales rose 5% to account for 38% of the total sales. ....

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Kohl's tanks 26% as inflation-weary shoppers pull back to sink sales, profits

Kohl's tanks 26% as inflation-weary shoppers pull back to sink sales, profits
nypost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nypost.com Daily Mail and Mail on Sunday newspapers.

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