The Gap Inc (NYSE:GPS) makes changes to 2013 sales and dividend map

Posted by Peter Lauro August 26, 2013 0 Comment 4969 views


Last week, The Gap Inc (NYSE:GPS) reported generic viagra gold brand online a higher 2nd quarter profit. This has been attributed to the sales gains at the Old Navy Chains, its namesake brand GAP as well as a rise in online sales. This has prompted the retailer to raise its full-year 2013 forecast kamagra vs viagra and dividend. The clothing retailer also operates the chain called the Banana Republic. It has projected that its profit for the year http://onlinepharmacy-levitra.com/ ending 2014 February will lie in the range of $2.57-$2.65 cents. This is 5 cents above its previous projection. Apart from this, GPS has also hiked its annual dividend from 60 cents/share to 80 cents/share.

The company had previously reported that its sales had risen 8.1% to $3.87B while there was a 5% rise in comparable sales. GPS earned 64 cents/share in the Q2 which was on par with its revised-forecast when it reported July sales at the start of this month. The results were in line with analyst estimates as well.

The lady with mettle

The company made another important announcement a couple of days ago. cialis vs viagra GPS has announced that the Chief Strategy and Chief Technology officer of CSCO, Padmasree Warrior will

now be serving on the company’s board, effective 30 September 2013. Gap’s Chairman and CEO, Glenn Murphy said that Padma is a highly accomplished business-leader and had almost 30 years of experience in the technology space, both as an innovator as well as a

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strategist.

He went on to say that her expertise will be an asset to the company even as GPS increases its investment across all channels. Padma Warrior is responsible for CSCO’s worldwide technology and business strategy, acquisitions, mergers, innovation and equity investments. In her 5 years at Cisco, she has been able to achieve market share-gains in all the product categories that were managed by her. She has also helped the company grow through new business models and strategic partnerships.



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