When Titans Meet: Macy's Partner With Gap For Sleepwear And Intimates Collections
Portfolio Pulse from Shivani Kumaresan
Macy's Inc (NYSE:M) and Gap, Inc. (NYSE:GPS) have announced their first-ever partnership to launch an exclusive collection of sleepwear, underwear and intimates for men and women. The collection will be available in Macy's mobile app and select stores nationwide. Following the announcement, Macy's shares are trading higher by 2.55% at $12.47.
August 29, 2023 | 4:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Gap has partnered with Macy's to launch an exclusive collection of sleepwear and intimates.
The partnership with Macy's for an exclusive collection could potentially increase Gap's sales and customer base. However, the impact on Gap's shares is not mentioned in the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Macy's has partnered with Gap to launch an exclusive collection of sleepwear and intimates. Following the announcement, Macy's shares rose by 2.55%.
The partnership with Gap for an exclusive collection could potentially increase Macy's sales and customer base, which is likely the reason behind the rise in Macy's shares following the announcement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100