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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

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

Marcel Alberts
Eurofibers

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

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search