Home / Knowledge / News / Apparel/Garments / Garment retailer Gap reports flat sales growth in August
Garment retailer Gap reports flat sales growth in August
05
Sep '14
For the month of August 2014, apparel retailer Gap posted flat sales when compared with the same month of 2013. Net sales in August 2014 stood at $1.23 billion, same as in August 2013.

However, comparable sales for August 2014 were down 2 percent against a 2 percent rise in August 2013.

In brand wise comparable global sales, Gap brand posted a negative 6 percent growth in August 2014 versus 2 percent growth in August last year.

Banana Republic reported comparable global sales growth of a negative 2 percent vis-a-vis 2 percent growth in same month of last year.

Only the Old Navy brand beat the negative comparable sales trends and posted a 2 percent growth against 1 percent growth in August 2013.

Gap said Gap brand’s August 2014 sales performance is likely to put pressure on the brand’s gross margins in September 2014.

"We’re encouraged by the positive momentum at Old Navy, while we focus to drive improved performance across our portfolio of brands,” said CEO Glenn Murphy.

In the just completed second fiscal quarter ending August 3, 2014, Gap reported that net sales grew by 3 percent to $3.98 billion, compared with $3.87 billion in the prior year quarter. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

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

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
February 2017

February 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