Latest news with #GapInc
Straits Times
7 hours ago
- Business
- Straits Times
Trump announces Vietnam trade deal with 20% import tariff
Sign up now: Get ST's newsletters delivered to your inbox Vietnam will also pay a 40 per cent tariff on transshipping, said US President Donald Trump. WASHINGTON - US President Donald Trump said he had reached a trade deal with Vietnam, following weeks of intense diplomacy between the two nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country's imports. 'I just made a Trade Deal with Vietnam. Details to follow,' Mr Trump said in a Truth Social post on July 2 . The deal with Vietnam would be just the third announced following agreements with the UK and China as trading partners race to cut agreements with the US ahead of a July 9 deadline. Mr Trump had imposed a 46 per cent duty on Vietnam as part of his initial rollout of so-called reciprocal tariffs in early April, then pared it back to 10 per cent to allow time for negotiations. The South-east Asian nation has seen its sales to US markets surge in recent years, partly because manufacturers shifted production there from China. It is a major supplier of textiles and sportswear, hosting factories for companies such as Nike Inc, Gap Inc and Lululemon Athletica Inc. Vietnam was the sixth-biggest supplier of US imports in 2024 , sending goods worth almost US$137 billion (S$174 billion), according to Census Bureau data. Top stories Swipe. Select. Stay informed. Singapore Singapore and Cambodia to expand collaboration in renewable energy, carbon markets and agri-trade Singapore From camping to mentorship, Singapore scouts mark 115th anniversary of the youth movement Singapore Ong Beng Seng's court hearing rescheduled one day before he was expected to plead guilty World Sean 'Diddy' Combs convicted on prostitution counts but cleared of more serious charges Singapore ByteDance food poisoning: Catering firm convicted after cockroach infestation found on premises Singapore Teen, 17, to be charged with allegedly trespassing on MRT tracks Singapore Granddaughter of Hin Leong founder O.K. Lim fails to keep 3 insurance policies from creditors' reach Singapore Man on trial for raping drunken woman after offering to drive her and her friend home The deal with Vietnam was struck after weeks of discussions during which the US pressured the country to get tougher on trade fraud, ensure stricter enforcement against the transshipment of Chinese products, and also pushed for the removal of non-tariff barriers. Vietnam offered to remove all tariffs and repeatedly promised to purchase more American goods. Senior Vietnamese officials flew to the US to rally support and sign deals, including for US$3 billion of agricultural goods. The trade minister also wooed executives from Nike, Gap and others to encourage them to get behind negotiation efforts. Brands raced to move manufacturing to Vietnam over the past decade as US-China tensions escalated. The industrial shift from China to Vietnam also helped build the kind of massive trade gap that made it a prime tariff target for Mr Trump. In 2024, Vietnam's trade surplus with the US was the third-largest globally on a country basis behind only China and Mexico. Shipments in May jumped 35 per cent as firms sought to get goods onto vessels as quickly as possible ahead of the deadline. BLOOMBERG
Yahoo
3 days ago
- Business
- Yahoo
Gap Inc. Outlook Brightens as Banana Republic and Athleta Show Recovery Potential
The Gap Inc. (NYSE:GAP) is one of the best consumer cyclical stocks to buy. On June 18, TD Cowen maintained its Buy rating on The Gap Inc. (NYSE:GAP) while cutting its price target for the clothing retailer's shares from $31 to $29. Although the market undervalues the longevity of Gap and Old Navy, the firm believes that topline growth and margin expansion could be fueled by Banana Republic and Athleta's potential comeback. TD Cowen stated that if consumer spending remains steady, there might be positive developments for the rest of the year. According to TD Cowen, Gap's improved fundamentals could lead the stock price to multiple expansion in the stock price. Additionally, the firm sees an opportunity for upside in Gap's fiscal year 2025 projection, especially when it comes to tariff impacts. A specialized retailer in the United States, The Gap Inc. (NYSE:GAP) offers clothing, accessories, and personal care products for men, women, and children. Some brands that fall under its umbrella include the likes of Athleta, Gap, Banana Republic, and Old Navy. While we acknowledge the potential of GAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
24-06-2025
- Business
- Bloomberg
The Eternal Quest to Save Gap
By and Lily Meier When you're inside the Gap Inc. headquarters, the grand promise of California stretches out to the horizon in every direction. The building is situated on an almost unfathomably valuable patch of real estate near the foot of the San Francisco-Oakland Bay Bridge where, between the building and the bridge, a giant bow and arrow sculpted by Claes Oldenburg and Coosje van Bruggen plunges down into the shore, as though an unseen Goliath is taking aim at China through the center of the Earth. It was commissioned more than two decades ago by Gap's founders, Doris and Donald Fisher—part public art, part de facto insurance policy for their company's panoramic view of the bay.
Yahoo
19-06-2025
- Business
- Yahoo
Gap Inc. CEO explains strategy to balance revenue & relevance
Gap Inc. (GAP) president and CEO Richard Dickson sits down with Yahoo Finance Executive Editor Brian Sozzi at the Cannes Lions International Festival of Creativity to discuss the US-based apparel retailer's branding journey, customer strategy, and more. Click here to watch more of Yahoo Finance's coverage from the Cannes Lions International Festival of Creativity. So let's pick apart brand by brand, the Gap story. What is the Gap story that you're telling this audience? So Gap, as you know, is a 55-year-old brand that really sort of its claim to fame was the personification of American classics, basics that personified style, and it was really about how you wore it, not how we told you to wear it. And the marketing campaigns that we built over time were epic, leveraging music and fashion and big ideas into real marketing and media machines that were arguably what we call fashiontainment. Now along the way, as you also know, Gap lost its way from a storyteller to become a retailer that sold stuff. And we sold a lot of stuff, which we had revenue, but we were missing relevance. And so part of the narrative that we've been working on now is how do you combine relevance to drive revenue? And that's being better storytellers. So we've leveraged, we've gone back to our history to be inspired by it, but essentially create a new playbook for today. Leveraging music, going back to fashiontainment, recognizing that our media mix and up model needs to be where our consumers are, digital, social, influencer, leveraging all of those big ideas whether it's the Get Loose campaign with Troye Sivan, or linen as a fabric that we want to be a leader for, or the various different campaigns we've done recently with Parker Posey that put us right on top of the cultural conversation, that's where Gap should be, that's where we are now and that's where we're going to accelerate going forward. So when I was way back when, when I was an analyst covering Gap, and I wrote some tough stuff, but nonetheless, I I always asked, is Gap going to show up in a big way on the holiday earnings calls? It was a constant question. So for how this holiday season, are you ready to make that big marketing commitment to plaster Gap all over TV? Listen, TV is one area that we will of course, we'll have presence in. But to be relevant today, you need to be everywhere your consumer is. And they're everywhere. It's digital platforms, it's social, it's influencer. It includes some linear. There's a lot of different ways that our brands and brands today need to have consumer conversations. And what I can assure you is that Gap will be part of the cultural and consumer conversation, not only for holiday, but every day leading up to holiday. It is a 24/7 role to be part of consumers' lives. And I think today, you see a much different Gap than you saw just a year ago, and a year from now, you'll see a much different Gap than you see just now. Are you telling all these folks here that your stock ticker changed? First off, I mean, come on, we're Gap. I thought you were at the New York Stock Exchange. Yes, you were GPS. But you were a GPS navigation system for ever. That's right. And and arguably, we were sort of missing the navigation and the destination is Gap. Yeah. And so it was an easy win for us, certainly, your marketing, your ticker everywhere you go. Uh so Old Navy, I, this has to be a prime time in the world and the economy to lean into a value message. Is this, is that correct? Is that what we should expect to see from Old Navy over the next few months? 100%. I mean, Old Navy is the number one specialty apparel value chain in the country in the US. Uh we do have global recognition, but truly an American iconic style, value family proposition in the space. We have leadership market share positions across most categories in the apparel industry. Uh as you know, we've been going after the active space pretty aggressively. We're now the number five active brand uh in the active catego- Old Navy? Old Navy. That's right. Climbing the ranks, consistent quarterly uh comp deliverables, nine consecutive quarters of market share growth. I mean, we're posting more and more excitement, not only in the metrics that matter, but also recognizing that every cohort, lower, middle, and income grew in the last quarter, which really suggests that not only is our product resonating with our core value proposition, but we're starting to attract new customers to the brand, different generations to the brand to consider the style at value proposition. And we believe again, we're just getting started. Um, Banana Republic still on the recovery? I would say it's more than on the recovery. I think that we're in a place right now where if you go into our stores, which I know Brian, you have- Banana Republic shirt. I which looks fantastic, by the way. Appreciate it. Thank you. Yep. We have been working really hard at getting our product narrative back on track. Uh a season after season now, you start to see the brand really come through in design codes, in fit, in function, in feature, and in value. We are a premium lifestyle brand, but we're right at the cusp of that real affordable luxury, if you will. Amazing cashmeres, suedes, leathers, fine details at prices that are truly extraordinary. All told within the brand storytelling DNA, which is really about the modern explorer. So when you go into our stores today, you're going to start to see a very different Banana. In some cases, we've remodeled our stores. So I'm a modern explorer? You you are. Look at where you are. I mean, you're out there, right? And you need to be recognized as what. Yeah. I appreciate it. Well, you know why this shirt fits so well, it's because I have been working out like hardcore, but you got the fit right finally. We did. And that that is that the biggest problem that you fixed at Gap, Old Navy? I've told you this before. The mediums used to fit like larges. Yeah. No, it was a big issue and fit is a really important part of a when you're an apparel company. It's the arguably, it's it's the gatekeeper. It builds trust, it builds loyalty, it builds, it builds reliability. And we've been working across our brands to get that fit right. Uh and as you see, it's working. And so the more that we build that trust and loyalty, and maintain that value proposition with great style, these are brands that are iconic and have much more legroom to grow. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
Morgan Stanley Maintains a Buy on The Gap (GAP) With a $27 PT
The Gap Inc. (NYSE:GAP) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. On June 5, Morgan Stanley Alexandra Straton maintained a Buy rating on The Gap Inc. (NYSE:GAP) with an associated price target of $27.00. The analyst based the rating on the company's potential for growth and its strategic focus, stating that a significant factor supporting the optimistic outlook is management's commitment to maintaining business health and consistency in the long term. This holds especially true when dealing with short-term challenges, including tariffs. A fashion-forward woman walking confidently down the street wearing the company's latest denim jeans. The analyst further reasoned that Gap Inc. (NYSE:GAP) has a transparent approach to both brand-specific and company-wide strategies, particularly in relation to competitive pricing and brand revitalization. This bolsters confidence in the company's direction. Gap Inc. (NYSE:GAP) also has the potential to expand its margins to historical levels over time, which Straton considers a key factor supporting the rating. The company's improving profitability trajectories across all brands point at a promising development towards higher EBIT margins. The Gap, Inc. (NYSE:GAP) is a specialty retailer in the US that offers apparel, accessories, and personal care products for women, men, and children. Its brand portfolio includes Old Navy, Gap, Banana Republic, and Athleta brands. While we acknowledge the potential of GAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
