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Rising sales at its low-price Old Navy chain helped Gap Inc. post a 3 percent increase in second-quarter net income, Gap said Thursday.
Based in San Francisco, Gap also operates Banana Republic and Gap stores, plus its websites including its Piperlime online business. And it affirmed a profit outlook for the year that is in line with Wall Street estimates. Get the full story »
Saks Inc. posted better-than-expected quarterly results Tuesday, helped by an uptick in luxury spending and selling fewer items at a discount. That sent its shares up more than 3 percent.
Saks said sales at stores open at least one year, or same-store sales, rose 4.6 percent, with its flagship department store on Manhattan’s Fifth Avenue performing well. Get the full story »
