A man walks into an open Nordstrom store for business as he enters New York City on June 29, 2020, following the second phase of the reopening of New York City following the coronavirus epidemic. Rob Kim | Getty Images Check out the companies making headlines after hours on Tuesday. …
Read More »Gap’s turning point for face masks put $ 130 million in its registers
Men with face masks walk past a Gap store in a shopping area as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters The tailor Gap Inc. turned its supply chain early on in the coronavirus pandemic to …
Read More »Gap (GPS) reports Q2 2020 loss per share, sales fall 18%
Gap Inc. said Thursday that its total sales fell 18% in the last four years, as e-commerce revenue rose 95% from a year ago, but those gains were offset by a 48% drop in retail sales in the coronavirus pandemic . It swung to a net loss from a year …
Read More »Simon Property Group (SPG) reports that revenues fell from Q2 2020
Simon Property Group CEO David Simon Anjali Sundaram | CNBC Simon Property Group Director David Simon said Monday that the company is still looking to hire additional retailers, having already filed for bankruptcy Lucky Brand, Brooks Brothers and JC Penney. “We take inventory at or below cost,” Simon said, explaining …
Read More »Futures rise slightly as Wall Street tries to extend last week’s gains
Traders work during the opening bell on the New York Stock Exchange (NYSE) on March 5, 2020 on Wall Street in New York City. Johannes Eisele | AFP | fake pictures Stock futures rose slightly on Sunday night as investors tried to take advantage of last week’s strong performance. Dow …
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