Gap Inc.'s strategic turnaround — Main Street Independent

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A series of corporate decisions and financial results under CEO Richard Dickson aimed at restoring growth and profitability across the company's retail brands, including mixed performance and share price reactions.

Gap debuts Reed Krakoff handbags in fleece and denim

Gap Inc. launched a handbag collection designed by Reed Krakoff, the designer who made Coach a household name, with prices ranging from $29.95 to $148, Suzanne Kapner reported exclusively for The Wall Street Journal's CMO Today newsletter.…

2026-09-01 · 3 MIN READ

Gap namesake brand posts 10% same-store sales gain, shares jump 15%

Gap Inc. shares jumped 15% on Friday after the company's namesake Gap brand reported a 10% increase in same-store sales for the most recent quarter, the 11th consecutive quarterly gain under Chief Executive Richard Dickson. Shares traded…

2026-08-28 · 3 MIN READ

Most tariff refunds flow to businesses as consumer repayment lags

The federal government is refunding more than $160 billion to importers after the Supreme Court ruled in February that many of President Trump's tariffs were illegal.
UPS, FedEx and DHL have pledged to forward refunds to customers after receiving them from U.S. Customs and Border Protection, with UPS telling one Tampa customer her refund is in progress.
Retailers including Home Depot (about $730 million in refunds last quarter) and Walmart (about $2.9 billion eligible) are using the money for other costs or price cuts rather than direct consumer refunds.
Syracuse University law dean Terence Lau said retailers cannot easily disaggregate tariff costs already baked into prices, comparing it to tax stirred into cake batter that cannot be removed once cooked.
Institute on Taxation and Economic Policy senior fellow Michael Ettlinger called the arrangement a "giant transfer from consumers to corporations" but said the "real sin" was the imposition of illegal tariffs.

2026-08-28 · 4 MIN READ