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Gap December sales miss estimates

2016-01-08 11:57:00| Daily apparel & textile news and comment - from just-style.com

US retail giant Gap Inc has booked December comparable store sales below analyst estimates, with declines at all of its brands.

Tags: december sales miss estimates

Trade gap narrows as oil imports fall

2016-01-08 10:51:05| BBC News | Business | UK Edition

The UK's trade deficit narrowed in November after the value of oil imports fell.

Tags: fall trade oil gap

Gap sales continue to slump in December

2016-01-08 00:07:55| Apparel - Topix.net

The San Francisco-based retailer, which operates stores under its own brand as well as Banana Republic and Old Navy, said Thursday that a key sales measure fell 5 percent for the five-week period ended Jan. 2. By division, a key revenue measure at Gap fell 2 percent, while Banana Republic posted a 9 percent drop. Old Navy, until recently a bright spot, saw sales fall 7 percent.

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Oil M&A to pick up as low prices close buyer-seller price gap

2016-01-07 08:36:03| Oil & Gas - Topix.net

A disconnect between buyer and seller expectations after the plunge in crude oil prices depressed M&A activity in the oil and gas sector in 2015, but that gap is likely to close as oil prices remain depressed so dealmaking should pick up this year, according to global consultancy IHS. Global oil and gas transactions slumped 22 per cent in value in 2015 to $US143 billion, despite the boost from Royal Dutch Shell's $US85 billion agreement to buy BG Group, IHS said in its newly released M&A report.

Tags: price close low prices