Home / Knowledge / News / Fashion / Gap Inc sales drop in August
Gap Inc sales drop in August
Sep '08
Gap Inc reported net sales of $1.14 billion for the four-week period ended August 30, 2008, which is a decrease of 5 percent as compared with net sales of $1.20 billion for the same period ended September 1, 2007.

The company's comparable store sales for August 2008 decreased 8 percent compared with a 1 percent decrease for August 2007.

Comparable store sales by division for August 2008 were as follows:
- Gap North America: negative 5 percent versus positive 2 percent last year
- Banana Republic North America: negative 14 percent versus positive 7 percent last year
- Old Navy North America: negative 9 percent versus negative 4 percent last year

International: negative 2 percent versus negative 7 percent last year. “Consistent with our strategy, we are pleased that we delivered merchandise margins above last year,” said Sabrina Simmons, chief financial officer of Gap Inc. “Moving forward, each division remains focused on executing product and store strategies for fall.”

Year-to-date net sales were $8.02 billion for the thirty weeks ended August 30, 2008, a decrease of 5 percent compared with net sales of $8.43 billion for the thirty weeks ended September 1, 2007.

The company's year-to-date comparable store sales decreased 10 percent compared with a 4 percent decrease last year. The company will report September sales on October 9, 2008.

Gap Inc

Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Courtesy: Coolvision

Textiles | On 20th Jun 2018

FiberVisions to show new range of CoolVisions fibre at OR

FiberVisions, an Indorama Ventures company, is set to present a new...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Indian textile value chain

'One nation, one tax' is a great concept

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Aditi Somani
Aditi Somani

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

Akta Adani
India Boulevard

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


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