trending Market Intelligence /marketintelligence/en/news-insights/trending/U3OxvOUE2M3ZxtfUjlbu6A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Gap shares jump after canceling plans to spin off Old Navy

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Gap shares jump after canceling plans to spin off Old Navy

The Gap Inc. shares jumped more than 6% in late trading Jan. 16 after announcing that it no longer plans to spin off Old Navy and intends to appoint a new CEO to oversee its full portfolio of brands.

The company's board has concluded that the "cost and complexity of splitting into two companies" limited the company's ability to create "appropriate value from separation," Robert Fisher, Gap interim president and CEO said in a statement.

The retailer originally announced its plans to split into two independent publicly traded companies in February 2019.

Gap also said Jan. 16 that Neil Fiske, president and CEO of Gap brand, will leave the company.

In addition, Gap said it expects its adjusted fiscal year 2019 EPS to be moderately above its previous guidance of $1.70 to $1.75 due to better-than-expected promotional levels over the holiday period, particularly at Old Navy.

Fiscal 2019 comparable sales and net sales are both expected to be at the higher end of its previous guidance range of down mid-single digits and down low single digits, respectively.

The company's shares were up 6.5% to $19.81 in after-hours trading.