How Are The Gap Inc(NYSE:GAP), L Brands Inc(NYSE:LB), and The Wet Seal, Inc.(NASDAQ:WTSL) Situated In The Women’s Apparel Industry?
New York, NY – GDP INSIDER – 10/14/2014.
This article discusses three women’s apparel companies: The Gap Inc(NYSE:GAP), L Brands Inc(NYSE:LB), and The Wet Seal, Inc.(NASDAQ:WTSL)
The Gap Inc(NYSE:GAP) fell to a new 52 week low of $36.05 during yesterday’s trading. The apparel stores company announced that Art Peck, who is the president of the company’s Growth, Innovation, and Digital division, will be joining the Gap’s Board of Directors to become the company’s new Chief Executive Officer on Feb. 1st, 2015. The announce came on the same day that the Gap reported that its net sales for the month of September had risen one percent compared with the same period during the previous fiscal year.
L Brands Inc(NYSE:LB) also reported its September 2014 sales on Oct. 9th, 2014. The Ohio-based company announced a sales figure of $853.5 million, a figure which is nine percent higher than the company’s net sales figure of $786 million for the same period during the previous fiscal year. L Brands operates under two segments: Victoria’s Secret and Bath & Body Works. The company is known for its extremely loyal fanbase and the Victoria’s Secret brand’s “angels”.
The Wet Seal, Inc.(NASDAQ:WTSL) is a California-based apparel store company with decling trading prices and volumes. The company also has a bid price of $0.46 x 1,000 and an offer price of $0.60 x 300, figures that suggest the company’s value could soon fluctuate. On Oct. 2nd, the company announced that it had appointed Jon Kubo to the position of Executive Vice President and Chief Digital Officer. Additionally, The Wet Seal reported that Steve Benrubi, the company’s CFO, had resigned.
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