On the mend: Gap’s flagship store in Shanghai, China. The company’s recent earnings provide evidence of a textbook retail recovery as sales improved and margins expanded. — Bloomberg
NEW YORK: Wall Street likes what Gap Inc is selling.
The retailer’s shares jumped more than 28% last Friday – the most since November 2023 – following an eye-popping earnings report that showed a fashion overhaul by new chief executive officer Richard Dickson is working.
