|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||24.20 - 25.57|
|52 Week Range||5.26 - 26.99|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 04, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 06, 2021|
|1y Target Est||24.82|
If you want to know who really controls The Gap, Inc. ( NYSE:GPS ), then you'll have to look at the makeup of its share...
Gap Inc. will build a state-of-the-art, $140 million distribution center in Longview, Texas.
Gap Inc. said Wednesday that it will invest $140 million to open a new distribution center in Longview, Texas. Construction will start in April, and the distribution center will span 850,000 square feet. The facility will create 500 full-time jobs in Longview by the end of 2023, which will grow to 1,000 jobs over the next five years. And the company expects there will be 1,000 part-time and seasonal jobs by 2026. "As we look to deliver on our three-year strategy and double our online business, we needed to expand our fulfillment network to provide a great experience for our customers today and ensure we have the ability to grow in the future," said Shawn Curran, chief operating officer at Gap Inc. The new facility will initially serve the online needs for the Old Navy brand. Other brands in the Gap lineup include Banana Republic and Athleta. Gap has six other distribution centers in North America, including in Fresno, Calif., and Phoenix. A new facility had been previously planned, but the timeline has been accelerated. Gap stock jumped 5% in Wednesday trading, and is up nearly 59% over the last year. The S&P 500 index is up 21.3% over the past 12 months.