ScottOnStocks.com-2001 Message Board

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Strategies & Market Trends : ScottOnStocks.com-2001

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Sep 5 5:00 PM EST

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To: Smiling Bob who started this subject	2/8/2001 10:18:18 AM
From: Smiling Bob	Read Replies (1) of 231

GPS- same boat as HD Watch for OLD NAVY store closings with the HD this summer biz.yahoo.com Thursday February 8, 9:38 am Eastern Time Gap Issues Warning, Sales Disappointing NEW YORK (Reuters) - Gap Inc. (NYSE:GPS - news), the largest U.S. apparel retailing chain, on Thursday reported disappointing January sales and forecast that first-quarter earnings would fall short of Wall Street estimates. The company said same-store sales in January fell 12 percent from a year earlier due to deep markdowns implemented to clear merchandise. Citing uncertainty in consumer spending and tighter margins, Gap said it now expects fourth-quarter earnings of 30 to 31 cents a share, below analysts' consensus estimate of 33 cents as compiled by market research firm First Call/Thomson Financial. Gap also said it expects comparable-store sales trends in the negative mid-single-digits in the first quarter. Email this story - Most-emailed articles - Most-viewed articles --------------------------------------------------------------------------------

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