Retail news
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Gap Inc "off to a great start" in 2010
- Posted:
- 24 May 2010 09:55
Gap Inc has continued its impressive trading turnaround, delivering top line growth, with increased sales across all of its brands in the first quarter of fiscal year 2010 compared with the first quarter last year. The company reported that net income for the first quarter ended May 1st 2010 increased ...read more
Raffles Hotel to be sold to Qatar
- Posted:
- 12 April 2010 09:24
Singapore's famous Raffles Hotel is to be sold to Qatar Diar, an arm of state-controlled sovereign wealth fund Qatar Investment Authority, for $275 million.The hotel is to be sold as part of an $847 million deal for a stake in Fairmont Raffles Hotels International, according to The Times. The Raffles ...read more
Asda on brink of "major acquisition"
- Posted:
- 12 April 2010 09:24
It has been reported that Asda is considering a bid for a "major retail chain" in order to close the gap on market-leader Tesco. It is thought that Asda is currently considering an approach to Home Retail Group as part of a plan to increase its share in the general ...read more
Gap reports jump in March sales
- Posted:
- 12 April 2010 09:23
Gap Inc has reported that March 2010 net sales were up 12% from last year. Net sales for the five-week period ended April 3rd 2010 were $1.45 billion compared with net sales of $1.29 billion for the five-week period ended April 4th 2009. The company's comparable store sales for March ...read more
Gap to open in Australia
- Posted:
- 29 March 2010 09:55
Gap Inc is planning to open its first namesake store in Melbourne, Australia in a franchise deal. The retailer is aiming to open between ten to fifteen Gap stores within the next three to four years, with the first site set to open in August.Currently Gap operates 136 franchise stores ...read more
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