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Fashion Jobs
OLD NAVY
Loss Prevention Service Representative - Philadelphia Mills
Permanent · Philadelphia
OLD NAVY
Assistant General Manager, Merchandising - Asbury Plaza
Permanent · Dubuque
NORDSTROM INC
Security Ambassador 1
Permanent · Portland
ESTÉE LAUDER
Director, Global Ecommerce & Online Marketing - Mac Cosmetics (China Focus)
Permanent · New York
ESTÉE LAUDER
Keyholder - The Cosmetics Company Store - 20 Hrs - Wrentham Village Premium Outlets - Wrentham,ma
Permanent · Wrentham
ESTÉE LAUDER
Director, North America Ecommerce Operations
Permanent · New York
ESTÉE LAUDER
Director, Global Ecommerce & Online Marketing - Mac Cosmetics
Permanent · New York
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hrs - Franklin Mills Outlet - Franklin Mills, PA
Permanent · Philadelphia
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hrs - Tanger Outlet Center - Deer Park,ny
Permanent · Deer Park
ESTÉE LAUDER
Retail Beauty Sales Manager - Bobbi Brown - 40Hrs - Flatiron - Broomfield, co
Permanent · Denver
ESTÉE LAUDER
Executive Director, Global Ecommerce, la Mer Online
Permanent · New York
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 24 Hrs - International Premium Outlets - Orlando,fl
Permanent · Orlando
H&M
h&m Store Visual Manager
Permanent · Los Angeles
ADIDAS
Senior Manager, Excess Sales
Permanent · Portland
ADIDAS
Director Sales Planning, us Wholesale
Permanent · Portland
ADIDAS
Director, Global Team Sports - Business Development
Permanent · Portland
ADIDAS
Senior Reporting Analyst - Supply Chain
Permanent · Portland
ADIDAS
Key Account Manager, Dick's Sporting Goods
Permanent · Pittsburgh
ADIDAS
Manager, Human Resources - Spartanburg dc
Permanent · Spartanburg
ADIDAS
Senior Manager Marketing Operations - Ctc
Permanent · Portland
ADIDAS
Sales Director (Champs/Eastbay)
Permanent · New York
ADIDAS
Retail General Manager Adidas-Sawgrass 6156, Sunrise, fl
Permanent · Sunrise
By
Reuters
Published
Mar 27, 2020
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Gap scraps 2020 forecast, draws down $500 million credit on coronavirus crunch

By
Reuters
Published
Mar 27, 2020

Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire $500 million credit facility as the apparel retailer looks to weather the coronavirus crisis.


Old Navy


The disruptions caused by the health crisis mark the latest headache for newly named Chief Executive Officer Sonia Syngal as she tries to revive demand for its apparel in a competitive market plagued by slowing footfall in malls.

Several retailers have warned of a sales hit due to store closures and restrictions imposed to slow the spread of the virus in China and now in the United States and other parts of the world.

Gap last week temporarily shut of all of its North American stores.

The company previously expected 2020 adjusted earnings in the range of $1.80 to $1.92 per share after accounting for a $100 million sales hit in Asia and Europe.

The retailer said it would provide an update during its first-quarter conference call in May.

Syngal said in a statement that the company was taking the steps to further strengthen its financial liquidity and flexibility “in this time of unprecedented disruption to the retail sector.”

The company will also reduce capital expenditure by nearly $300 million during the year, as well as review all operating expenses to curb spending.

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