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Improved merchandise margins drive Gap's Q2 gross margin
21 Aug '09
3 min read
Depreciation and Amortization
The company continues to expect depreciation and amortization expense, net of amortization of lease incentives, for fiscal year 2009 to be about $550 million.
Capital Expenditures
Year to date, capital expenditures were $131 million. The company continues to expect capital spending of about $350 million for fiscal year 2009.
Gap Inc. Dresses NYSE in Denim and Rings The Closing Bell
On Friday, August 21, 2009, the company celebrates its 40th anniversary and for the first time in New York Stock Exchange history, the NYSE trading floor community will wear jeans to work. Gap brand will outfit the Exchange trading floor for this one-time-only event in its 1969 Premium Jeans, a new collection named in honor of Gap's debut year. Later that day, executives from the company will ring The Closing Bell remotely from the company's headquarters in San Francisco.
The company continues to expect depreciation and amortization expense, net of amortization of lease incentives, for fiscal year 2009 to be about $550 million.
Capital Expenditures
Year to date, capital expenditures were $131 million. The company continues to expect capital spending of about $350 million for fiscal year 2009.
Gap Inc. Dresses NYSE in Denim and Rings The Closing Bell
On Friday, August 21, 2009, the company celebrates its 40th anniversary and for the first time in New York Stock Exchange history, the NYSE trading floor community will wear jeans to work. Gap brand will outfit the Exchange trading floor for this one-time-only event in its 1969 Premium Jeans, a new collection named in honor of Gap's debut year. Later that day, executives from the company will ring The Closing Bell remotely from the company's headquarters in San Francisco.
Gap Inc
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