Gap Inc. Archives - CFO

Gap Halts Rent Payments Amid Liquidity Challenges

Credit & Capital

Gap Halts Rent Payments Amid Liquidity Challenges

The retailer is suspending $115 million in monthly rent payments and is looking for ways to fund operations.

By Lauren Muskett | April 23, 2020

Gap Cancels Plan to Spin Off Old Navy

Gap Cancels Plan to Spin Off Old Navy

“The work we’ve done to prepare for the spin shone a bright light on operational inefficiencies and areas for improvement.”

By Lauren Muskett | January 17, 2020

Gap Shares Rise 4% on Turnaround Optimism

Financial Performance

Gap Shares Rise 4% on Turnaround Optimism

The retailer says its second-quarter results show "underlying signs of progress," including improved merchandise margins.

By Matthew Heller | August 19, 2016

Gap’s Credit Rating Downgraded to Junk

Gap’s Credit Rating Downgraded to Junk

Fitch Ratings expresses doubts about Gap's cost-cutting strategy, saying earnings will fall this year even with $100 million in expense reduction.

By Katie Kuehner-Hebert | May 11, 2016

Gap Profit Falls Amid Revamp of Flagship Brand

The retailer's new CEO is still confident his strategy to fix the Gap stores will improve financial performance.

By Katie Kuehner-Hebert | August 21, 2015

Gap Closing Stores, Potentially Laying Off Thousands

The company estimates roughly $300 million in annualized sales losses associated with the store closures.

By Katie Kuehner-Hebert | June 16, 2015