Home / Knowledge / News / Apparel/Garments / Sales up 5% at Gap in four-weeks to Aug 2
Sales up 5% at Gap in four-weeks to Aug 2
08
Aug '14
Net sales for four-week period ended August 2, 2014 rose 5 percent to $1.17 billion at apparel retailer, against $1.12 billion for the four-week period ended August 3, 2013.

In the same period, comparable sales were up 2 percent versus a 1 percent increase in prior year.

Gap posted a negative 2 percent in July 2014 against 7 percent last year, Banana Republic clocked 6 percent compared with negative 1 percent last year and Old Navy reported 3 percent versus negative 5 percent last year, in comparable sales by brands.

In the second quarter of the fiscal year, net sales went up by 3 percent to $3.98 billion compared with $3.87 billion in the same period of previous fiscal year.

Glenn Murphy, CEO at Gap Inc said, “We’re pleased to close out the first half of the year with positive comparable sales in July and look forward to the new product and marketing campaigns our brands will launch this fall.”

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search