Through inventory control and expense reductions on several fronts, Gap Inc. generated higher earnings for the first quarter despite eroding sales.
The San Francisco-based operator of Gap, Old Navy and Banana Republic said earnings increased 40 percent to $249 million, or 34 cents a share on a diluted basis, compared with $178 million, or 22 cents a share, for the first quarter last year.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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