Gap jumps more than 20% after company's plan to split in two
Gap Inc. GAP, -1.60% stock skyrocketed more than 20% in the extended session Thursday after the retailer said it would split itself into two companies, one consisting of its Old Navy brand and an yet-to-be-named company with its Gap, Athleta, Banana Republic, Intermix, and Hill City brands, as sales at Gap brand fell 5% globally in 2018. Gap also plans to close about 230 specialty Gap stores over the next two years as part of an effort to "revitalize" its Gap brand.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gap Inc.Gap Inc. stock price, stock quotes and financial overviews from MarketWatch.
Read more »
At least 20 killed in fire at Cairo train station - state TVA major fire has erupted at the main train station in the Egyptian capital Cairo, killing at least 20 people and injuring another 40, says state TV.
Read more »
The Latest: Egypt: Death toll at Cairo train station at 20CAIRO (AP) — The Latest on the deadly fire at the Egyptian capital's main train station (all times local): 11:55 a.m. Egypt has raised the casualty toll from a major fire that erupted...
Read more »
Cairo railway station fire kills 20 after train's fuel tank explodesTwenty people were killed and 40 others injured when a train caught fire at Egypt's busiest railway station, state TV quoted the country's health ministry as saying
Read more »
Train station fire kills at least 20, injures dozens in Cairo'I saw a man pointing from the locomotive as it entered the platform, and screaming, 'There are no brakes, there are no brakes’ before he jumped out.'
Read more »
Train barrels into main Cairo railway station and explodes, killing 20The death toll is expected to rise, said train officials, after a speeding train collided with a barrier as it entered the station and burst into flames.
Read more »
Europe’s indexes sink as geopolitical tensions between Pakistan and India escalate; Metro Bank plunges 20%Europe’s markets were down on Wednesday, as investors waited for the second Singapore summit to kick off between President Donald Trump and North Korean leader Kim Jong Un
Read more »