Gap says higher-income shoppers are visiting its namesake stores, while lower-income ones go to Old Navy


Shares of Gap Inc. rallied after hours on Thursday after the clothing chain offered a more upbeat full-year outlook, saying that strong momentum in most of its stores has set it up well for the holiday shopping season.

You May Also Like

I had a CD with a 5.5% interest rate and the bank wants it back early. Now what? 

With the Federal Reserve expected to lower interest rates, you may be…

This S&P 500 sector gauge points to ‘excessive’ confidence and imminent pullback

Sectors in the U.S. stock market just traded in a way that…

UK mid-caps outshine blue-chips as investors bet on economic rebound

A rally in housebuilders and infrastructure stocks has helped smaller UK equities…

Fed is almost certain to cut rates by 25 basis points after months of debate. Why are so many people so unhappy about it?

Share Listen (4 min)