Apparel retailer Gap announced on Thursday that it will lay off 1,800 employees as it looks to cut costs amid weak sales and excess inventory. The San Francisco-based chain said in a regulatory filing that employees in its San Francisco and New York offices, as well as upper field positions such as regional store managers, will…

Poverty and unemployment in Hong Kong have reached a record high, and the national minimum wage has been frozen for the past three years. One political commentator blames the Chinese Communist Party for the current situation. Contrary to many countries that have raised the minimum wage to counter the negative impact of COVID-19, Hong Kong’s…

Gap Inc shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 9.2 percent. Gap stock has had a wild ride in recent years, but investors may be wondering whether there’s any value in Gap shares after the recent pullback. Earnings A price-to-earnings ratio (PE) is one of the most…

High street retail giant Gap has announced it will be closing all stores in the UK and Ireland by the end of 2021. The company said it intends to take its business online “in a phased manner” from the end of August through to the end of September this year. It added it would provide…

Gap Inc is in talks with its partners to sell its stores in Italy and France, the U.S. apparel chain said on Wednesday, as it looks to limit its presence to online in Europe and save costs. The retailer is also planning to shut all Gap Specialty and Gap Outlet stores in the United Kingdom…

SAN DIEGO—The eagle putts looked familiar for a Saturday at Torrey Pines in June, even with Tiger Woods nowhere in sight. Mackenzie Hughes watched his 60-foot eagle putt from the back of the green to the front on the par-5 13th slide into the cup. Louis Oosthuizen could only hope his 50-foot eagle putt on…