Gap shares pop 20% as earnings beat on sales growth at all four brands. Gap beat quarterly estimates on the top and bottom lines, leading the retailer to raise its full-year guidance. The apparel company’s CEO Richard Dickson told CNBC, “we’re delivering what we said we were going to deliver to our shareholders.” All four of Gap’s brands — its namesake banner, Old Navy, Athleta and Banana Republic — posted positive comparable sales for the first time in years. $GPS https://lnkd.in/g6t3iRPH #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables
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Blink Fitness Seeks New Financing as It Works to Restructure. Company plans to exit burdensome leases as part of overhaul. Blink runs dozens of low-cost fitness centers in New York https://lnkd.in/e3VZ8SiZ #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables
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Macy’s ends buyout talks with Arkhouse and Brigade after months of negotiations. Department store Macy’s said Monday its board has unanimously decided to end negotiations with the activist group that had been looking to take the retailer private for roughly $6.9 billion. Arkhouse and Brigade had for months been attempting to buy out the storied retailer. Macy’s is in the middle of a turnaround effort led by CEO Tony Spring, who stepped into the top job in February. $M https://lnkd.in/gGH3sp3s #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables
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