gap inc

Gap Inc. plans to close stores in the U.S., while expanding in China.

Better news on jobs drove U.S. stocks higher Thursday. Target Corp., Gap Inc. and other retailers jumped as their stores reported higher sales.

UPGRADES Deutsche Bank upgrades Gap, Inc.

(NYSE: GPS) from Sell to Hold, with a price target of $18. Click Here for more color.

Morgan Stanley ups AK Steel (NYSE: AKS) from Neutral to Overweight. Goldman Sachs lifts Limited Brands (NYSE: LTD) from Sell to Neutral with a $39 price target.

May 20 -- Richard Jaffe, an analyst at Stifel Nicolaus & Co., talks about the outlook for Gap Inc.

Gap, Inc. (NYSE: GPS) 15.5% LOWER; reported Q1 EPS of $0.40, $0.01 better than the analyst estimate of $0.39.

Revenue for the quarter came in at $3.3 million versus the consensus estimate of $3.3 billion. Gap, Inc. sees FY2011 EPS of $1.40-$1.50, versus prior guidance of $1.88-$1.93 and the consensus of $1.84.

Aeropostale, Inc. (NYSE: ARO) 11.2% LOWER; reported Q1 EPS of $0.20, in-line with the analyst estimate of $0.20. Revenue for the quarter came in at $469.2 million versus the consensus estimate of $477.05 million.

Gap Inc. is bringing in the head of its outlet division to lead its Gap brand stores across North America in one of several changes intended to revive the Gap chain's sagging sales.

Gap Inc.'s North American President Marka Hansen is leaving the company after 24 years, effective Friday, following a weak holiday season by the clothing brand.

Gap Inc. plans to open a store in Shanghai on Thursday, and three other outlets there and in Beijing this month.

Gap Inc. reports its results for the third quarter on Thursday afternoon. The following is a summary of key developments and analyst opinion related to the period.

Donald G. Fisher, co-founder of clothing retailer Gap Inc., has died after a long battle with cancer.