Maytag's profits should be up 53% in 1998, and the company is quickly closing the sales gap with Whirlpool and General Electric.
Comparable store sales for Gap in North America were up 5% YOY in November 2010 while company-wide comparable store sales increased 4%.
FORBES: Hang On For Holiday Data And 70% Upside In Gap Stock
This growth continued a trend from October, which saw comparable store sales for Gap in North America up 5% YOY.
FORBES: Hang On For Holiday Data And 70% Upside In Gap Stock
However, they do target similar age groups, meaning that Gap sales are susceptible to cannibalization by Old Navy.
However, as we wait for the December sales results for Gap, we believe the strong performance year to date for Gap coupled with strong consumer spending trends during the holiday season can provide an upside to our forecasts.
FORBES: Hang On For Holiday Data And 70% Upside In Gap Stock
So when Gap reported glumly a few weeks ago that after a strong November, December same-store sales had softened (Gap North America comps down 8% year-over-year, others not so bad) the stock got even more depressed.
We suspect that 1997's gap between sales growth and earnings growth is trying to tell us something.
And in what's becoming a tired refrain, Gap announced a 2% drop in same-store sales, as both its flagship Gap chain and its Old Navy units failed to generate big traffic.
The Gap reported its sales soared 12% compared to forecasts of a 3.7% gain.
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Gap began online sales for the first time outside the US last month.
Jefferies analyst Peter Misek asserted in a note last night that concerns of a gap in iPhone sales before the arrival of iPhone are overblown.
The apparel sector has also performed exceptionally well in Internet sales as retailers such as Gap, Aeropostale, American Eagle have woven their holiday marketing campaigns keeping Internet business central to their strategies.
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Buckle reported comparative sales up 10.8%, Gap beat expectations with a 1% increase and Limited Brands reported a 12% increase in sales for June.
Limited Brands and Gap reported same store sales for May that were under the consensus estimates.
Claire's reported May sales growth of 3% while Gap reported an 8% drop from the year before.
For instance, when you worked at the Gap, you increased sales in the U.K. by 35% over a period of two years, from 2002 to 2004.
And in what's becoming a tired refrain, Gap (nyse: GPS - news - people ) announced a 2% drop in same-store sales, as both its flagship Gap chain and its Old Navy units failed to generate big traffic.
Gap was one store that said sales were hurt by the first earthquake in Japan last month.
Last week, Microsoft announced changes in sales incentives for Office 365 that closed the gap with Google Apps.
From 1989 to 1995 Gap watched its same-store sales growth fall from 15% to zero as it plied the same old mid-priced khaki trade.
Its sales are also down on the year but the gap with the Record remains broadly similar.
Gap's overall same-store sales growth climbed to 17% last year.
Exclusive of the Gap, analysts are anticipating same-store sales growth of 1.9% for apparel stores.
The Gap has suffered from declining same-store sales for years, verging on the death-spiral.
It paid off in August, when same-store sales rose over 8% while other clothing shops like Gap slipped.
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Penney and Gap, reported double-digit falls in sales in the year to October.
Gap, with 150 stores in Japan impacting sales, said its first quarter earnings will miss the expected 44 cents per share.
Retailers were among the biggest pre-market movers: Target and Gap reported stronger-than-expected same store sales.
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