Reported 4 months ago
Shares of Gap surged around 28% after the apparel retailer raised its full-year sales target, indicating success in revitalizing the business by introducing newer styles. The stock is on track for its largest one-day gain since November and has increased over 37% this year, following an 85% growth in 2023. Gap's CEO Richard Dickson's strategy of bringing trendier styles and enhancing marketing efforts has shown positive results, with the brand experiencing sales growth and Wall Street analysts raising their price targets for the stock.
Source: YAHOO