Gap (the) Stock News

Is the metaverse the biggest investment theme for the stock market this year?

Morgan Stanley drops its rating on Gap (GPS) to Underweight from Equal-weight

It could be a tough year for retail stocks, and Gap could be particularly at risk, according to Morgan Stanley.

After the record margins reported by softline retailers in 2021, the third-quarter reports reflected “cracks” and the consensus does not seem “cautious enough on 2022 margin headwinds & poten

Gap Inc. (NYSE: GPS) was hit with a bear note by Morgan Stanley today, sending the shares 7.2% lower to trade at $16.95.

Exotec is a French robotics company used by some of the world''s biggest retailers such as Gap, and it''s now valued at $2 billion.

Walmart Creates Its Own Cryptocurrency, NFTs, Enters Metaverse With Sales Of Virtual Goods The last time Walmart was reportedly entering the crypto space, it turned out to be a giant Litecoin-promoting hack, that was quickly reversed, after it became clear that playful hackers had fabricated a press release . But there appears to be nothing fake about the latest news involving Walmart''s desire to ride the latest wave of crypto/web 3.0/metaverse/NFT euphoria, and as a result the big box retailer is boldly venturing into the metaverse with plans to create its own cryptocurrency and collection of non-fungible tokens, or NFTs. According to CNBC , Walmart filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products. In a separate filing, the company said it would offer users a virtual currency, as well as NFTs. In total, seven separate applications have been submitted.

In the latest trading session, Gap (GPS) closed at $18.27, marking a -0.87% move from the previous day.

Gap is the latest retailer to launch an NFT collection, which includes $415 tokens that come with a physical hoodie and digital art. The retailer is partnering with artist Brandon Sines, creator of the Frank Ape cartoon character.

Gap Inc on Thursday launched non-fungible tokens (NFTs) of its iconic hoodies, sending the apparel maker's shares about 5% higher as it became the latest major retailer to dive into the world of specu

Gap is the latest retailer to make a move into NFTs with a debut series of collectibles launching on the Tezos (XTZ-USD) blockchain. Read more.

Monday''s top analyst upgrades and downgrades included Airbnb, AT&T, Duke Energy, Etsy, FirstEnergy, Gap, IBM, KeyCorp, Kohl''s, Las Vegas Sands, Nvidia, Starbucks, Trade Desk, Visa.

The sudden deceleration of Athleta & Old Navy in the most recent earnings is cause for significant concern

The first collection from the project is expected to drop in June

Kanye West, who now goes by Ye, signed a lucrative deal with Gap in 2020.