Gap is (Finally) Back

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	Gap is (Finally) Back

Lauren Sherman

11-21-2008 10:20 AM

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Lauren Sherman says:

Looks like the Gap's efforts to control costs have paid off: a citi analyst upgraded the stock to "Buy" today. However, be warned: same store sales are still down, and there's only so much fat to cut.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f96cfe46-bc62-423a-a29e-ce2f09a21e68/DE28BF5D-CB80-4B32-88CF-FEBCD7E2EDE7/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.forbes.com/feeds/ap/2008/11/21/ap5726533.html" href="http://www.forbes.com/feeds/ap/2008/11/21/ap5726533.html" style="font-size: 11px;">www.forbes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/feeds/ap/2008/11/21/ap5726533.html"><P>NEW YORK (AP) - <SPAN><B>Gap Inc.<ORGID value="GPS" idsrc="http://www.forbes.com/feeds/ap/2008/11/21/nyse"></ORGID></ORGID><//ORGID> </B></SPAN>(nyse: <A href="http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=GPS">GPS</A> - <A href="http://search.forbes.com/search/CompanyNewsSearch?ticker=GPS">news </A>- <A href="http://people.forbes.com/search?ticker=GPS">people </A>)'s tight control on merchandise costs and other expenses will likely benefit the retailer in upcoming quarters, an analyst said Friday, and upgraded the stock to "Buy."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/DE28BF5D-CB80-4B32-88CF-FEBCD7E2EDE7/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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