Sales growth for Amazon Prime Day expected to slow

The two-day online event is a major revenue source for Amazon. But one survey found a quarter of consumers plan to skip Prime Day, citing budget concerns due to inflation. Read More...


Gap Stock Slumps as CEO Steps Down

Gap stock was falling in late trading on news that its chief executive officer is stepping down, the latest retail CEO to depart following disappointing stock performance. On Monday afternoon Gap (GPS) said that CEO Sonia Syngal was leaving the company, with Executive Chairman Bob Martin replacing her on an interim basis.Syngal had been in the top spot since 2020, and while Gap did see some gains during the pandemic, trading above $35 in May 2021, the shares have since slumped.

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