(EMAILWIRE.COM, August 25, 2010 ) New York, NY - The Gap Inc. (NYSE:GPS) dropped 1.63% to $16.86 on over 13.78 million shares. Earlier this week, the company said net income rose 2.6 percent to $234 million, or 36 cents per share, for the second quarter ended July 31, from $228 million, or 33 cents per share, a year earlier. Analysts were expecting 35 cents a share, according to Thomson Reuters.

Total sales rose 2.2 percent to $3.32 billion, in line with Wall Street estimates.

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J. Crew Group, Inc. (NYSE:JCG) fell 3.24% to close at $32.80 on over 2.28 million shares. Over the past 52-weeks, the stock traded within the range of $30.95-$50.96. The daily average volume of the stock stood at 1.78 million shares. Janney Montgomery Scott initiated coverage on the company with a Buy rating and $41 price target.

J.Crew Group, Inc. is an integrated multi-brand, multi-channel, specialty retailer. The Company offers complete assortments of women’s, men’s and children’s apparel and accessories, including wedding, swimwear, loungewear, outerwear, shoes, bags, belts, hair accessories and jewelry.

Abercrombie & Fitch Co. (NYSE:ANF) fell 3.99% to $35.14 on over 4.12 million shares. Janney Montgomery Scott on Tuesday initiated coverage on the stock with a Buy rating and $42 price target.

The stock today opened at $35.94 and was trading within the range of $34.88-$35.98. At today`s closing market price, the market capitalization of the stock stood at $3.10 billion.

The Talbots, Inc. (AMEX:TLB) lost 0.60% to $9.95 after 2.88 million shares of trade. The Talbots, Inc. is a specialty retailer and direct marketer of women’s apparel, accessories and shoes. Talbots operate stores in the United States and Canada. In addition, its customers can shop online or via its catalogs.

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