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GAP INC (GPS)

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Business Briefs: Gap adds 500 jobs at Gallatin, Tenn. facility

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06/10/2017 | 10:01am CEST

June 10--Gap adds 500 jobs at Gallatin facility

Gap Inc. will invest another $41.7 million and add more than 500 more jobs at the company's distribution center in Gallatin, Tenn.

The San Francisco-based retailer is expanding its distribution campus to handle more online fulfillment of orders to help its growing e-commerce business.

Shawn Curran, executive vice president of the global supply chain for Gap, said Tennessee's "central location and access to a strong labor force are key for continued investment."

The expansion is the third in the past four years in Gallatin for Gap.

Black & Decker adds 255 Tennessee jobs

Stanley Black & Decker, Inc. plans to relocate new lines and production to its plant in Jackson, Tenn., adding 255 more jobs to the company's current 550-employee facility in Madison County.

The tool and hardware manufacturer will invest more than $29 million to upgrade its production and add 500,000 square feet of distribution space to create one of Stanley Black & Decker's first "Lighthouse" facilities.

"We are adding capabilities that will turn this facility into the pinnacle of next-generation manufacturing.operations in Jackson," said Jeff Ansell, president of Stanley Black & Decker's Tools.

U.S. bucks trend for clean energy

BEIJING -- As energy ministers from around the world gathered in Beijing to report increased spending to help counter climate change, U.S. Energy Secretary Rick Perry has delivered a starkly countervailing message. India, France, Norway, Canada, Australia and Japan said they were on track to double their clean energy research spending. Perry says in the U.S., the private sector will have to do more as President Donald Trump promotes fossil fuels and proposes to roll back clean energy spending.

SUVs don't kill off station wagon appeal

The traditional station wagon has been under siege for years by endless waves of crossover SUVs, but Edmunds reports a renaissance is underway. For 2018, new wagons from Buick and Volvo join existing models from BMW, Subaru, Volkswagen and others, giving SUV skeptics plenty of family-friendly alternatives.

___

(c)2017 the Chattanooga Times/Free Press (Chattanooga, Tenn.)

Visit the Chattanooga Times/Free Press (Chattanooga, Tenn.) at www.timesfreepress.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 15 525 M
EBIT 2018 1 368 M
Net income 2018 800 M
Finance 2018 469 M
Yield 2018 4,20%
P/E ratio 2018 10,95
P/E ratio 2019 10,71
EV / Sales 2018 0,53x
EV / Sales 2019 0,52x
Capitalization 8 695 M
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Mean consensus HOLD
Number of Analysts 29
Average target price 25,6 $
Spread / Average Target 17%
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NameTitle
Arthur L. Peck Chief Executive Officer & Director
Bob J. Fisher Non-Executive Chairman
Teri L. List-Stoll Chief Financial Officer & Executive Vice President
Paul Joseph Chapman Chief Information Officer & Executive VP
Mayo A. Shattuck Independent Director
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