Gap Inc

A grocery store in New York.Wang Ying | Xinhua News Agency | Getty ImagesInflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn't budged.In the months ahead, the big question is whether consumers will start to feel relief, too.Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And shoppers found deeper discounts online and at…

Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016.Charles Platiau | ReutersCheck out the companies making headlines in midday trading.J.B. Hunt Transport Services — The transportation stock jumped nearly 5% after executives said on an earnings call that they expect to see the freight market rebound in second quarter going into third quarter as inventory resets. The company reported fourth-quarter results fell short of analysts' expectations on both top and bottom lines,…

Target is stressing value this holiday season, as consumers feel pinched by inflation. At its store in New Jersey, signs that advertise low-priced items are more prominent than in previous years.Melissa Repko | CNBCFAIRFIELD, N.J. — Inside of this large store in the suburbs, Target is trying to create some holiday magic for shoppers.Christmas tunes play over the loudspeaker. Adult- and kid-sized mannequins show off matching family pajamas. Red and green pillows decorate the shelves.The big-box retailer is looking for some…

The holiday shopping season got off to a solid start over the weekend, as Black Friday's online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe's online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. That's up 2.3% over last year and well above expectations of a 1% increase. But that's only one piece of the puzzle. In another early look report, traffic on Black Friday at brick-and-mortar retail stores rose about…

Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021.Jon Cherry | ReutersMajor retailers are under intense pressure to deliver on Black Friday after several of them reported a slowdown in sales heading into the do-or-die holiday shopping season.Macy's, Target, Kohl's, Gap and Nordstrom spoke about a lull in sales in late October and early November. Target cut its holiday-quarter outlook and Kohl's pulled its forecast, citing the slow…

Pedestrians pass in front of a GAP store in New York.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading.Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its top pick in the off-price retail sector. Analyst Michael Binetti boosted his price target to $123 from $99. On Thursday, Ross Stores reported third-quarter earnings-per-share of $1.00, versus a Refinitiv estimate of 81 cents.related investing newsThe retail…

Check out the companies making headlines in midday trading.Gap – The retailer popped 10% after beating Wall Street's estimates for revenue. Gap also also gave a cautious outlook for the holiday season.Palo Alto Networks – Shares of the cybersecurity provider added 6.5% after beating expectations for revenue and per-share earnings, according to Refinitiv. Ross Stores – Shares shot up 15% following the discount retailer's report of beats on per-share earnings and revenue for the latest quarter.Live Nation – The Ticketmaster…

Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York.Brendan McDermid | ReutersGap on Thursday beat Wall Street's quarterly revenue expectations, but gave a cautious outlook for the holiday season.The apparel retailer — which includes its namesake brand, Banana Republic and Athleta — said it anticipates its overall net sales could be down mid-single digits year-over-year in the fourth quarter of fiscal 2022.related investing newsAnalysts see one retailer winning this…

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California.Allison Dinner | Getty ImagesAs some of the nation's largest retailers report quarterly earnings and revenue this week, Wall Street will pay close attention to another number, too — inventory levels.Walmart, Target, Gap, Kohl's and others are trying to sell through a glut of extra merchandise piling up in store backrooms and warehouses.related investing newsHere are Wall Street analysts’ favorite retail stocks as giants…

The stock market's current run could fizzle out if October retail sales data comes in hot next week, CNBC's Jim Cramer warned on Friday."If we see weak retail sales and learn that things are getting very promotional in the key apparel sector, well then the market can stay strong," he said, adding: "The worse retail gets, the less damage the Fed needs to do before they declare victory."Stocks rose on Friday following lighter-than-expected October consumer price index data released the day prior that raised investors' hopes…