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Gap clocks 6% sales rise in Q2 FY'12

17 Aug '12
6 min read

The company ended the second quarter of fiscal year 2012 with a total of 3,285 store locations in 42 countries, 3,035 of which were company-operated.

During the second quarter of fiscal year 2012, the company opened 29 and closed 20 company operated store locations. Square footage of company-operated stores was 36.8 million at the end of the second quarter, a decrease of 2 percent from 37.7 million at the end of the second quarter of fiscal year 2011. This decrease reflects Gap Inc.’s strategy to optimize square footage in North America.

The company continues to expect net openings of about 15 company-operated stores and about 50 to 75 franchise stores during fiscal year 2012. Square footage for company-operated stores is expected to decrease by about 1 percent by the end of fiscal year 2012 compared with the end of fiscal year 2011.

Gap Inc. is a leading global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, and Athleta brands. 

Gap Inc

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