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 ]
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#—bloomberg news
With Super Thursday just behind us, the big autumn releases on the runway, the Booker a few days away, and FBF around the corner, Philip Jones takes stock. Continue reading at The Bookseller
[ The Bookseller | 2019-10-10 22:47:12 UTC ]
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With banks more reluctant to lend, venture capitalists aren't interested in buying digital media companies that aren't growing quickly. The post ‘It can be demotivating’: Digital media’s all-stock deals are the new normal appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-10-09 04:01:17 UTC ]
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Hachette UK has been nominated for two HR awards, recognising its Ethnicity Pay Gap report and flexible working policies. Continue reading at The Bookseller
[ The Bookseller | 2019-10-08 14:50:34 UTC ]
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These new science fiction and fantasy titles will be your perfect fall companions. Continue reading at Book Riot
[ Book Riot | 2019-10-04 10:36:35 UTC ]
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Feminist campaigner Caroline Criado Perez’s "exposé" on the gender data gap, Invisible Women (Chatto & Windus), has scooped the £25,000 Royal Society Science Book Prize. Continue reading at The Bookseller
[ The Bookseller | 2019-09-23 14:17:51 UTC ]
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These bookish candles will make you want to curl up with a great book and never leave your home again. Take a deep breath! Continue reading at Book Riot
[ Book Riot | 2019-09-23 10:35:31 UTC ]
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Headline Home has bought a book on the "orgasm gap" from psychosexologist Dr Karen Gurney. Continue reading at The Bookseller
[ The Bookseller | 2019-09-18 17:04:25 UTC ]
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From Stephen Chbosky’s long-awaited sophomore effort to André Aciman’s follow-up to “Call Me By Your Name.” Continue reading at The Washington Post
[ The Washington Post | 2019-09-17 18:21:46 UTC ]
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“Brooklyn: The Once and Future City” looks at the history of a place Walt Whitman, Spike Lee, Bernie Sanders and Barbra Streisand called home. Continue reading at The Washington Post
[ The Washington Post | 2019-09-17 14:00:00 UTC ]
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Prep this year's fall TBR with these excellent speculative fiction books about terrorism, future worlds, time travel and more. Continue reading at Book Riot
[ Book Riot | 2019-09-17 10:40:28 UTC ]
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Patti Smith and Liz Phair memoirs, Questlove's cookbook and more highly anticipated music books coming out this fall. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-09-13 18:02:09 UTC ]
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From the *Handmaid's Tale* sequel to Edward Snowden's memoir, the upcoming book season is looking deadly serious. Up to and including lesbian necromancers. Continue reading at Wired
[ Wired | 2019-09-12 13:00:00 UTC ]
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A bookseller evaluates the fall harvest of offsite community events and their ability to sell books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-04 12:00:55 UTC ]
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This fall, as is tradition, members of the bookselling industry will assemble at conferences all across the nation to share their strengths and struggles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-30 04:00:00 UTC ]
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The calendar of an indie bookseller requires lots of planning ahead, but can cause some seasonal confusion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-28 12:00:49 UTC ]
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This week we’ll be previewing the most anticipated nonfiction titles coming out this fall, covering politics, history, biography, science, tech, social science, and more. We begin today with essays, and you can find memoir over here. Lydia Davis, Essays One: Reading and Writing FSG, Nov. 12 With... Continue reading at Literrary Hub
[ Literrary Hub | 2019-08-20 08:49:53 UTC ]
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#find memoir
#memoir
This week we’ll be previewing the most anticipated nonfiction titles coming out this fall, covering politics, history, biography, science, tech, social science, and more. We begin today with memoir, and you can find essay collections over here. Carmen Maria Machado, In the Dream House: A Memoir... Continue reading at Literrary Hub
[ Literrary Hub | 2019-08-20 08:49:13 UTC ]
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Quarto has described the first half of 2019 as "encouraging" after global results showed group revenue edged up to $56.4m and losses declined 75% compared to the same period in 2018. Continue reading at The Bookseller
[ The Bookseller | 2019-08-16 11:00:57 UTC ]
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Suzanna Panter, library program manager at Tacoma Public Schools, has developed a series of videos that highlight her school library and how it benefits students. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-16 04:00:00 UTC ]
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#school library
Literacy efforts flourish in the partnership between independent bookstores and schools serving low-income students. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-16 04:00:00 UTC ]
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#independent bookstores