On Thursday, Gap Inc (NYSE:GPS)’s shares inclined 1.94% to $38.44.
Gap Inc (GPS) stated that net sales for the four-week period ended May 30, 2015 were $1.25 billion contrast with net sales of $1.27 billion for the four-week period ended May 31, 2014.
May Comparable Sales Results
Gap Inc.’s comparable sales for May 2015 were down 1 percent as compared to a 1 percent enhance last year. Comparable sales by global brand for May 2015 were as follows:
- Gap Global:negative 6 percent as compared to negative 3 percent last year
- Banana Republic Global:negative 5 percent as compared to positive 3 percent last year
- Old Navy Global:positive 6 percent as compared to positive 2 percent last year
Additional insight into Gap Inc.’s sales performance is accessible by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be accessible at about 1:00 p.m. Pacific Time on June 4, 2015 and accessible for replay until 1:00 p.m. Pacific Time on June 12, 2015.
June Sales
The company will report June sales on July 9, 2015.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names. The company provides apparel, handbags, shoes, jewelry, personal care products, and eyewear for men and women; and performance and lifestyle apparel for use in yoga, strength training, and running, as well as seasonal sports, including skiing and tennis. It offers its products through company-operated stores, franchise stores, Websites, e-commerce and social sites, and catalogs.
CVS Health Corp (NYSE:CVS)’s shares gained 0.49% to $102.63.
CVS Health Corp (CVS) stores with the addresses 20 University Place, 116 University Drive and 12290 College Boulevard. You may not have noticed, but you probably saw a glowing red CVS sign the last time you were at a college or university.
This trend points toward the fact that CVS Caremark, the country’s largest pharmacy company in overall sales with a net worth of $117.4 billion, has started viewing college students as a noteworthy consumer base.
CVS has its corporate headquarters in the town of Woonsocket, RI. In the nearby city of Providence, RI, the eight CVS stores outnumber the seven colleges and universities. Students at Brown University, the Rhode Island School of Design, Roger Williams University and the University of Rhode Island have their pick of four stores within walking or biking distance.
Students at Pennsylvania State University, meanwhile, can walk to three CVS stores from the center of campus in less than 10 minutes. They can also hop in a car and drive to a fourth CVS store in six minutes.
This September, CVS removed all tobacco products from its shelves to better align with its commitment to health care. CEO Larry Merlo estimated at the time that the groundbreaking move would cut $2 billion from annual sales, or around 3% of company revenue.
CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. The Pharmacy Services segment offers pharmacy benefit management services, such as plan design and administration, formulary management, Medicare Part D services, mail order and specialty pharmacy services, retail pharmacy network management services, prescription management systems, clinical services, disease management programs, and medical pharmacy management services.
At the end of Thursday’s trade, KBR, Inc. (NYSE:KBR)‘s shares dipped -1.73% to $19.92.
KBR, Inc. (KBR) declared it has agreed to sell its Building Group partner to Pernix Building Group, LLC, a partner of Pernix Group, Inc.
The transaction`s price is $22 million, subject to working capital adjustments, with closing predictable by June 30, 2015. KBR anticipates to record a pre-tax gain of about $28 million in its second quarter 2015 financial results.
KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services. The Technology & Consulting segment offers various services and solutions, counting licensing, engineering and design, proprietary equipment, plant automation, catalysts, and related consulting services to hydrocarbons, chemicals, and fertilizer markets.
Blackstone Group LP (NYSE:BX), ended its Thursday’s trading session with 1.00% gain, and closed at $42.43.
Blackstone Group LP (BX) and Black Rhino recently declared that His Highness Emir Muhammad Sanusi II will join Black Rhino’s Board of Directors as Chairman. Black Rhino was formed in January 2012 to develop and to invest in transformational infrastructure projects in Sub-Saharan Africa’s power generation and fuel transportation sectors.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios.
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