Gap Inc. (NYSE:GPS) chairman and C.E.O. decided to pay all employees at least $10 an hour, beginning in 2015. (For 2014, the rate has been raised to $9 an hour.) BECAUSE Murphy used to run a Canadian pharmacy chain that paid higher wages than its rivals and eclipsed other Canadian drug chains by getting more productivity from its employees. The Gap Inc. (NYSE:GPS) net profit margin is 7.90% and weekly performance is -1.21%. On last trading day company shares ended up $39.24. Analysts mean target price for the company is $44.28. The Gap Inc. (NYSE:GPS) distance from 50-day simple moving average (SMA50) is -3.12%.
Gordmans Stores Inc (NASDAQ:GMAN) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 846,923 shares, a growth of 33.7% from the March 31st total of 633,283 shares. Gordmans Stores, Inc. (NASDAQ:GMAN) shares advanced 7.59% in last trading session and ended the day on $4.68. GMAN Gross Margin is 41.70% and its return on assets is 3.40%. Gordmans Stores, Inc. (NASDAQ:GMAN) quarterly performance is -31.58%.
Cache, Inc. (NASDAQ:CACH), a specialty chain of women’s apparel stores, announced today that it will commence its previously announced $15.0 million rights offering on May 9, 2014. Cache, Inc. (NASDAQ:CACH) shares moved down -15.95% in last trading session and was closed at $1.95, while trading in range of $1.37 – $2.26. Cache, Inc. (NASDAQ:CACH) year to date (YTD) performance is -64.09%.
Body Central Corp. (NASDAQ:BODY) posted its quarterly earnings results On the ratings front, analysts at Zacks downgraded shares of Body Central Corp. (NASDAQ:BODY) from a “neutral” rating to an “underperform” rating in a research note. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.36) by $0.20. Body Central Corp (NASDAQ:BODY) ended the last trading day at $0.600. Company weekly volatility is calculated as -38.78% and price to cash ratio as 0.60. Body Central Corp (NASDAQ:BODY) showed a negative weekly performance of -38.78%.