Gap Inc. (NYSE:GPS) announced Wednesday it plans to more than triple sales in China in three years as it seeks to grab a bigger piece of the overall $1.4 trillion global clothing market. The Gap Inc. (NYSE:GPS) shares after opening at $38.80 moved to $39.11 on last trade day and at the end of the day closed at $38.58. Company price to sales ratio in past twelve months was calculated as 1.07 and price to cash ratio as 11.42. The Gap Inc. (NYSE:GPS) showed a negative weekly performance of -1.81%.
Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle specialty retail company operating under the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, today announced the appointment of Trish Donnelly to the role of President of Urban Outfitters brand, North America reporting directly To Ted Marlow, Chief Executive Officer, Urban Outfitters Group, effective July 14, 2014. Urban Outfitters, Inc. (NASDAQ:URBN) shares fell -1.77% in last trading session and ended the day on $35.62. URBN return on equity ratio is recorded as 18.10% and its return on assets is 13.80%. Urban Outfitters, Inc. (NASDAQ:URBN) yearly performance is -9.27%.
The Wet Seal Inc. (NASDAQ:WTSL) is geared to reduce its operating costs after posting wider year-over-year losses in the fourth quarter of fiscal 2013. As part of this strategy, the company is reducing the compensation paid to its board of directors. Moreover, it has decided to shrink the size of its Board in the upcoming election to be held during the annual meeting. The Wet Seal, Inc. (NASDAQ:WTSL) shares moved up 3.45% in last trading session and was closed at $1.17, while trading in range of $1.11 – $1.17. The Wet Seal, Inc. (NASDAQ:WTSL) year to date (YTD) performance is -57.14%.
Zacks reissued their neutral rating on shares of Ross Stores (NASDAQ:ROST) in a research report released on Wednesday morning, Analyst Ratings Network reports. Zacks currently has a $73.00 price objective on the stock. Ross Stores, Inc. (NASDAQ:ROST) weekly performance is -1.25%. On last trading day company shares ended up $68.99. Ross Stores, Inc. (NASDAQ:ROST) distance from 50-day simple moving average (SMA50) is -2.76%. Analysts mean target price for the company is $78.36.