GAP Declares Second-Quarter Dividends and Resumes Share Repurchase Program

After a turbulent 2020 for the fashion retailer, which saw the closure of hundreds of its stores,

At the same time, GAP also announced that it will be resuming its share repurchase program, which currently still has $800 million USD available out of the originally authorized $1 billion USD. The retail giant plans to spend up to $200 million USD to buy back its shares for the remainder of fiscal 2021 subject to market conditions.

Elsewhere in business-related news, adidas could sell Reebok for just $1 billion USD.
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