This is the first that I've heard of Gap actually revealing what their growth plan is for the brand.
More Quotes from Joseph Beaulieu:
This is a business in the middle of a turnaround. It's no surprise they had pretty miserable comps for the fourth quarter.Joseph Beaulieu
The stock has really soared since the beginning of October. I think the stock is worth 27 to 28, so I wouldn't be surprised if it gave back a little bit.
Joseph Beaulieu
Companies that do really well either minimize something like prices, or maximize something like luxury. It's the companies in the middle that are going to be squeezed.
Joseph Beaulieu
I think the Gap had to come up with something new. It's possible they're trying to target the baby boomers next. Old Navy has been driving growth for the Gap Inc. but it's starting to slow. Its namesake Gap stores are facing market saturation, and the higher-priced Banana Republic brand is a niche concept. Banana Republic has been doing great but there's a limited opportunity to expand it further.
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
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