Gap Inc. tumbled as much as 16 percent—the most since 2016—after the clothing retailer reported a slump in sales at both its namesake line and Old Navy, threatening the potential appeal for a spinoff of the discount chain. Same-store sales, a key measure of a retailer’s performance, fell 4 percent companywide, worse than the estimate compiled by Consensus Metrix. Weakness at the Gap brand appears to be deepening, with comparable sales down 10 percent, more than double the projection. Another concern is Old Navy, a brand that the company refers to as a “powerhouse.” Same-store sales there fell 1 percent, while analysts had forecast growth of 0.8 percent. A turnaround doesn’t appear imminent: Gap Inc. now expects same-store sales for fiscal 2019 to be down in the low single digits after cold, wet weather weighed on the first quarter. Poonam Goyal, an analyst with Bloomberg Intelligence, says the lowered guidance “implies continued weakness across all banners.” The shares fell to as low as $17.32 on Friday, and the stock has now lost more than 40 percent of its value since an initial jump followed the announcement of the Old Navy spinoff at the end of February. Gap’s results also dragged down shares of Swedish rival Hennes & Mauritz AB and Spain’s Inditex. Gap CEO Art Peck said on Thursday that the company is still “confident” in its plan to spin off Old Navy. The company has formed a team to manage the separation, and is planning an event in mid-September to... Continue reading at 'Advertising Age'
[ Advertising Age | 2019-05-31 15:50:27 UTC ]
News tagged with:
#bloomberg intelligence
#—bloomberg news
Last month, Penguin Random House released their disability pay gap report along with statistics for sexual orientation and socio-economic background. Whilst the publication of the report was positive, with PRH being the first publishing house to include disability in their reporting, the pay gap... Continue reading at The Bookseller
[ The Bookseller | 2021-11-06 09:01:13 UTC ]
More news stories like this | All news stories tagged with:
#penguin random house
#sexual orientation
IVP is addressing misunderstandings and cross-discipline tension with two complementary volumes: 'Five Things Theologians Wish Biblical Scholars Knew' by Hans Boersma and 'Five Things Biblical Scholars Wish Theologians Knew' by Scot McKnight. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-05 04:00:00 UTC ]
More news stories like this |
If you’re like me and have a deep appreciation and love of classic Hollywood, then you’ll be delighted to hear that Knopf plans to publish Paul Newman’s memoir in the fall of 2022. The actor, who died in 2008 at the age of 83, began working on his memoir in the 1980s; according to the […] Continue reading at Literrary Hub
[ Literrary Hub | 2021-11-03 14:46:35 UTC ]
More news stories like this | All news stories tagged with:
#memoir
#began working
#deep appreciation
#started writing
#paul newman
Ed Miliband was among the authors speaking at the annual Bodley Head showcase dinner, which returned after a two-year absence during the pandemic. Continue reading at The Bookseller
[ The Bookseller | 2021-10-30 03:28:00 UTC ]
More news stories like this | All news stories tagged with:
#ed miliband
Hachette UK saw its revenues fall 3% in the third quarter of 2021 compared to the same period last year, although c.e.o. David Shelley said sales were still “extremely strong" and ahead of forecasts, with increased market share. Continue reading at The Bookseller
[ The Bookseller | 2021-10-27 21:59:40 UTC ]
More news stories like this | All news stories tagged with:
#hachette
#david shelley
#hachette uk
#extremely strong
In an internal company memo, Trink says FaZe Clan is “evolving from a digital publisher into an intellectual property engine.” FaZe Clan, the gaming and entertainment content platform, has announced its plans to go public through a proposed SPAC deal that gives the company a $1 billion... Continue reading at Fast Company
[ Fast Company | 2021-10-25 10:18:25 UTC ]
More news stories like this | All news stories tagged with:
#digital publisher
#spac deal
Oxford anthropology professor Harvey Whitehouse's The Evolution Gap will be published by Hutchinson Heinemann in 2024. Continue reading at The Bookseller
[ The Bookseller | 2021-10-22 20:33:50 UTC ]
More news stories like this | All news stories tagged with:
#hutchinson heinemann
The publisher's pro-rated terms and its temporary story time permissions will now run through March, 31, 2022, as the pandemic continues to impact schools and libraries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-22 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#libraries
Lucy Corin’s discursive family drama is set against the backdrop of the 2008 financial crisis. Continue reading at The Washington Post
[ The Washington Post | 2021-10-19 13:00:00 UTC ]
More news stories like this | All news stories tagged with:
#family falls
Director/writer Mike Flanagan has quickly made a name for himself as a horror maestro. The man behind Netflix’s hit anthology series The Haunting and the recently released Midnight Mass is set to adapt Edgar Allan Poe’s “The Fall of the House of Usher.” Although there isn’t a release date yet,... Continue reading at Literrary Hub
[ Literrary Hub | 2021-10-07 19:14:29 UTC ]
More news stories like this | All news stories tagged with:
#anthology
#release date
Begin the season with books by Anthony Horowitz, Camilla Trinchieri, David McCloskey and others. Continue reading at The Washington Post
[ The Washington Post | 2021-10-02 12:00:00 UTC ]
More news stories like this | All news stories tagged with:
#anthony horowitz
The New Atlantic and Southern Independent Booksellers Associations (NAIBA and SIBA) kicked off a combined virtual fall conference on September 27, marking the second year in a row that the two organizations have joined forces to offer educational programming, author readings, and editor buzz picks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-28 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#bookseller
#author readings
#joined forces
#fall conference
After a gripping opening, Jon McGregor’s novel turns into a meditation on language and caregiving. Continue reading at The Washington Post
[ The Washington Post | 2021-09-27 13:00:00 UTC ]
More news stories like this | All news stories tagged with:
#jon mcgregor
Bestselling author Daniel Kraus and artist Chris Shehan talk about collaborating on The Autumnal, a graphic novel from Nightfall, the dedicated horror imprint from Vault Comics. (Sponsored) Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-15 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#bestselling author
#graphic novel
With the next Jerusalem International Book Forum scheduled for May, the associated Zev Birger Fellowship has extended its deadline. The post Jerusalem Book Forum Extends Birger Fellowship Deadline appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-09-14 13:32:50 UTC ]
More news stories like this |
Amanda Gorman, Jodi Picoult and Anthony Doerr all have new books coming out in the months ahead. Continue reading at The Washington Post
[ The Washington Post | 2021-09-09 12:00:00 UTC ]
More news stories like this | All news stories tagged with:
#months ahead
#anthony doerr
#jodi picoult
#amanda gorman
#books coming
Faber has landed a collection of "uplifting" romantic short stories, edited by author Melissa Meyer. Continue reading at The Bookseller
[ The Bookseller | 2021-08-26 20:21:46 UTC ]
More news stories like this |
Eddie Gallagher isn’t the only example of the elite force’s problems, David Philipps writes. Continue reading at The Washington Post
[ The Washington Post | 2021-08-24 07:41:36 UTC ]
More news stories like this | All news stories tagged with:
#navy seals
The internet was awash with tech deals this week, with some of the best coming from Apple and Amazon. Apple's AirPods Pro dropped to $180 while the MacBook Pro M1 received at $200 discount. Amazon kicked off its "off to college" sale by reducing the prices of its Echo speakers, including the... Continue reading at Engadget
[ Engadget | 2021-08-20 15:50:10 UTC ]
More news stories like this | All news stories tagged with:
#kindle
#buying advice
#connected devices
#account supports
#no-logs policy
#two-year subscription
#wild hunt
#complete collection
These are 16 of the best contemporary romance novels that have been published in the last five years, including Destination Wedding by Diksha Basu. Get your summer reading list ready! Continue reading at Book Riot
[ Book Riot | 2021-08-18 10:35:00 UTC ]
More news stories like this |