Gap

GAP Stores Report $932 Million Loss

(CNN) - GAP is posting the worst loss in its 50 year history. The clothing retailer says it took a hit of $932-million during the quarter ending May 2nd. GAP closed most of its stores when the pandemic prompted…

Retailers Hiring Big For Holiday Season

(CNN) - Retailers are offering up holiday gifts to workers, in the form of lots of holiday temp jobs. Macy's said it will hire 80,000 seasonal workers,  GAP said Monday it will bring on 65,000 temps and Target announced…

Citigroup Reports Virtually No Gap in Gender/Racial Pay

(CNN) - Banking giant Citigroup says it's close to closing the pay gap when it comes to gender or race. Citigroup released gender and racial pay data among its 75,000 employees in the U.S., Britain and Germany. It found that…

Gap, Banana Republic to Close 200 Stores

(CNN) - Gap announced plans on Wednesday to close roughly 200 "underperforming" Gap and Banana Republic stores. Gap owns both brands, along with Old Navy and athletic wear brand "Athleta." Gap declined to specify how many of each brands' stores…