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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search