Financial

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Financial

Retailers Not Buoyed by Economic Gains

Gas prices and unemployment are down and the stock market is up — but retailers just aren't feeling they'll see much of a lift in business this year.

Gap Net Income Up 3.9%

Earnings per share increased 10 percent to 75 cents per share on a diluted basis, from 68 cents the fourth quarter a year ago.

A view outside the Chico's store.

Chico’s Sets 120 Store Closures, Cuts 240 Jobs

Sales, comps and adjusted earnings all rise, surpass expectations.

Consumer Price Index Inches Up

Apparel prices overall rose 0.3 percent in January.

Inside Stein Mart.

Stein Mart Plans 11 New Stores

Stein Mart Inc. will expand its store base this year as it opens 11 stores and enters three new markets — the Bay Area, Long Island and suburban Detroit.

TJX Ups Minimum Pay, But Target Hangs Back

Major retailers’ moves to boost the minimum pay of their workers gained an ally Wednesday in The TJX Cos. Inc. but failed to win the support of Target Corp.

Italy’s OVS Sets Share Price in IPO

The listing will raise about $469 million gross of fees and costs related to the transaction.

L Brands Profits Climb

L Brands Inc. posted gains in fourth-quarter and full-year profits.

Irving Place Capital to Restructure Fund

Investor in talks with Coller Capital and Abu Dhabi Investment Authority.