Fitch Cuts Gap, Inc. (GPS) to Junk Status
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Gap Inc. Reports April and First Quarter Sales Results
May 9, 2016 4:16 PM EDTCompany Sharpens Focus for Long-Term Growth
SAN FRANCISCO--(BUSINESS WIRE)-- Gap Inc. (NYSE: GPS) today announced April net sales were $1.12 billion for the four-week period ended April 30, 2016, compared with net sales of $1.21 billion for the four-week period ended May 2, 2015. For the first quarter of fiscal year 2016, Gap Inc.s net sales were $3.44 billion compared with $3.66 billion for the first quarter last year.
Gap Inc. also announced that it will take steps to better position the company for improved business performance and to build for the future. The... More
