The company noted that fiscal year 2012 had 53 weeks versus 52 weeks in fiscal year 2011. As a result, net sales for January 2013, the fourth quarter of fiscal year 2012, and fiscal year 2012 include the additional week, while comparable sales exclude the 53rd week.
“We’re pleased with the continued momentum in the business across all our brands in North America,” said Glenn Murphy, chairman and chief executive officer of Gap Inc. “As we transition to 2013, our focus remains on delivering compelling product in order to sustain our positive sales performance.”
Net sales were $15.65 billion for the 53 weeks ended February 2, 2013 compared with net sales of $14.55 billion for the 52 weeks ended January 28, 2012. The company’s comparable sales for fiscal year 2012 increased 5 percent compared with a 4 percent decrease last year.
Textiles | On 26th May 2016
A new propylene production facility has been inaugurated in the...
Fashion | On 26th May 2016
Despite being battered by sluggish consumer spending and rising...
Max Fashion India
What is the size of the apparel retail segment? How would you describe the ...
What new innovations did Rotorcraft exhibit at the recent textile...
Ozone PB Spintex Limited
How has the Indian spinning industry fared in the last two years? What...
Biovation II LLC
<b><i>Kerem Durdag, CEO, Biovation II LLC, provides an insight into future ...
Bombay Textile Research Association
<b><i>Bombay Textile Research Association (BTRA) is a leading name in...
Nature Works LLC
<b><i>Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of ...
Apparel/Garments | On 25th May 2016