Home / Knowledge / News / Apparel/Garments / Q3 FY15 net sales down 3% at Gap Inc
Q3 FY15 net sales down 3% at Gap Inc
13
Nov '15
Gap Inc, a leading global retailer of clothing and fashion accessories based in the US, recorded a fall of 3 per cent in its net sales during the third quarter of fiscal year 2015, i.e. to $3.86 billion against $3.97 billion in the third quarter of fiscal year 2014, according to a press release issued by the company.

The fall in the net sales of Q3 at Gap Inc was primarily because of the weak Japanese yen and Canadian dollar which affected the reported sales figures by $98 million when translated into US dollars.

However, on a constant currency basis, the net sales figure of Q3 FY15 was flat as compared to the corresponding quarter last year.

The company's comparable sales for the quarter decreased by 2 per cent, with Gap Global recording a fall of 4 per cent, Banana Republic Global recording a fall of 12 per cent and Old Navy Global recording a rise of 4 per cent.

 “With fall behind us, the teams across our portfolio are focused on strong execution for the holiday season,” said Sabrina Simmons, CFO at Gap Inc. (MCJ)

Fibre2Fashion News Desk — India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Larry L Kinn
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search