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.
Apparel/Garments | On 29th Jul 2016
Income from continuing operations at the Dixie Group for the second...
Textiles | On 29th Jul 2016
A Chinese Pavilion will be the highlight of the upcoming second...
Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli
‘The percentage share of printing in the global textile market is pretty...
‘There is huge demand in the Indian lingerie market for non-wired styles.’
Maa Tex Speciality
‘We suggest reducing dosage of sizing chemicals to reduce sludge...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Bombay Textile Research Association
Bombay Textile Research Association (BTRA) is a leading name in textile...
"We should not compare India and the West. There are things we do that...
Hyderabad-based designer Prathyusha Garimella is known for blending...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...