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9.24708616273341E-05 0.00223136209579171 0.00250475420842934 0.00109356845055022 0.00652522645309911 0.011349793146703 0.0115508167589364 0.010545698697769
Stock impact report

Gap's sales rise while Home Depot and Target warn of consumer spending pullback [Los Angeles Times (CA)]

Gap, Inc. (The) (GAP) 
US:NYSE Investor Relations: greatatlanticinc.com
Celebrity collaborations and a new premium line are drawing higher-income shoppers at a time discounts have dropped industrywide. The San Francisco company is in the final stages of an operational overhaul that began when current leadership arrived in 2023. Gap Inc. said its sales came in stronger than expected, bucking the trend across the majority of retail and restaurant chains that have been warning of consumers' deepening caution in recent weeks. The San Francisco-based chain follows sales beats by Walmart Inc., Ross Stores Inc., and TJX Cos., the discounter that owns TJ Maxx and Marshalls, showing that chains can still win over consumers despite their deepening caution — as long as they nail execution. Many of them cited success appealing to higher-income consumers coming for good deals. For TJ Maxx and Ross, the treasure hunt experience has been particularly resonant at a time when discounts have dropped across the industry. Likewise, Walmart's been able to appeal to m Show less Read more
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