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Retailer GAP announces quarterly dividend of $0.22/share

August 16, 2014 (United States Of America)

NYSE-listed, Gap Inc, a global retailer offering clothing & accessories announced a quarterly dividend of $0.22 per share.

This quarterly dividend is payable on or after October 29, 2014 to shareholders of record at the close of business on October 8, 2014.

In the four-week period ended August 2, 2014, sales at Gap rose 5 percent to $1.17 billion against $1.12 billion in the same period of 2013.

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

One of its brands, Banana Republic is revealing a new look, anchored in the fresh styling point of view of the brand’s new Creative Director and EVP of Design, Marissa Webb.

Fall signals a significant shift across the entire brand, from the product and styling of the collection, to the debut of the global marketing campaign, “The New Look of Banana Republic.”

Gap retails apparels under brands like Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix. It reported fiscal year 2013 net sales of $16.1 billion.

It operates in more than 90 countries worldwide through more than 3,100 company-operated stores, over 350 franchise stores, and e-commerce sites.


Fibre2fashion News Desk - India
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