Banana

Stifel reiterated its Hold rating on the shares of Gap Inc (NYSE: GPS), as it anticipated continued challenges at its Gap and Banana divisions in the near term. Commenting on Old Navy's fall product as appealing and well assorted, the firm said results at Old Navy were encouraging. Analyst Richard...

Clothing major Gap Inc (NYSE: GPS) announced on Tuesday that it plans to close 175 of its stores in North America over the next couple of years to streamline its store fleet. The company also announced that it will be laying off 250 workers from its corporate headquarters in fiscal year 2015....