All eyes in the retail sector are now on Simon Property Group, as the mall giant hauls The Gap into court for failing to pay rent amid the coronavirus shutdown. In the first major retail rent showdown of the pandemic, Simon has filed a complaint...
With a strong digital platform supporting its brands, The Gap, Inc. had slightly better-than-expected results for the third quarter. The retailer reported earnings per share of 69 cents and revenues of $4.1 billion compared to analysts’ estimates of 68 cents and $4 billion. In an...
It appears that “Eat Fresh” has gone stale. Last week, Subway — the world’s largest restaurant chain — announced it would be closing roughly 500 of its nearly 26,000 U.S. stores. That’s after closing 800 stores in 2017. But according to the company, these moves...
In somewhat surprising news, given the retail brand’s struggles over the years, the Gap has been crowned the “winner” of the Black Friday shopping weekend, according to Wall Street. While mall and department store shopping in general was more robust that analysts were expecting, the...
June 04, 2020
All eyes in the retail sector are now on Simon Property Group, as the mall giant hauls The Gap into court for failing to pay rent amid the coronavirus shutdown. In the first major retail rent showdown of the pandemic, Simon has filed a complaint in state court in Delaware seeking $66 million in back […]
November 28, 2017
In somewhat surprising news, given the retail brand’s struggles over the years, the Gap has been crowned the “winner” of the Black Friday shopping weekend, according to Wall Street. While...
