Image: Gap

1. Gap Sees Stock Rise Despite ‘Muted’ Sales Report: Gap’s flagship store and Banana Republic both saw sales decline in part due to store closures, while Athleta — Gap’s performance apparel brand — saw its Q4 sales rise 52%, with the label expected to hit $2 billion in net sales by fiscal year 2023. – Read More on PYMNTS

2. Retailers start to warn of business impact from Russia’s invasion of Ukraine: “There are implications for U.S. retailers in the higher cost of energy, because of the interruption of and disruption in energy markets.” – Read More on CNBC

3. Russian Banks Turn to China to Sidestep Cutoff from Payments Systems: Russian banks that have been cut off from global payments networks are turning to China’s state-owned UnionPay system as the country tries to sidestep boycotts by Western businesses for its invasion of Ukraine. – Read More on the WSJ

4. What Did Your Favorite Brand Do in the War? For some brands, taking a stand was seamlessly consistent with their established values; for many it was a moment to be marked and moved on from; and for a few it was something to be ducked until the clamor died down. – Read More on Bloomberg

5. What Makes a Company Successful at Using AI? Leading companies did an honest assessment of where they were, formed a vision of where they wanted to be in three or four years, and looked for ways to rack up quick wins. More specifically, they outperformed in governance, deployment, partnerships, people, and data availability. – Read More on HBR

6. How Reliance stunned Amazon in battle for India’s Future Retail: The high-profile bitter dispute between corporate titans in which Amazon has sought to block Reliance’s planned $3.4 billion purchase of Future Group’s retail assets is currently before India’s Supreme Court. – Read More on Reuters