Bullish Gap ups profit forecast
Clothing retailer Gap yesterday upped its profit forecast for the full year to $1.78 to $1.83 a share, above the $1.75 to $1.80 it had forecast in February after a strong first quarter. For the first quarter ended 28 April, Gap earned $233m, or 47 cents a share, compared with $233m, or 40 cents a share, last year.