This is a business in the middle of a turnaround. It's no surprise they had pretty miserable comps for the fourth quarter.
More Quotes from Joseph Beaulieu:
Gap isn't a growth story anymore. Its new fourth store concept targeting the 35-and-older customer will give it some growth. But essentially the important thing for the retailer to do now is to stay the course, fix the fashion issues, make operational improvements, close underperforming stores, manage inventory and generate cash.Joseph Beaulieu
The questioning about compensation on conference calls hasn't gotten any tougher than it was four years ago.
Joseph Beaulieu
I don't think these companies results have merited getting hit this hard, but investors are getting concerned with consumer spending as we move into the all-important Christmas season.
Joseph Beaulieu
They have the opportunity to go to the city and say look at all the jobs we can create.
Joseph Beaulieu
This is the first that I've heard of Gap actually revealing what their growth plan is for the brand.
Joseph Beaulieu
The tactic did not expand Gap's customer base. It only served to alienate its more traditional, khaki-wearing crowd. As sales tanked, the company slashed prices to liquidate excess inventory. In the process, Gap gained a reputation as a rampant discounter, and the brand lost some of its cachet.
Joseph Beaulieu
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Based on Topics: Business & Commerce QuotesBased on Keywords: comps
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