The EPS forecast for fiscal 2016 is derived after taking into account the impact of foreign currency fluctuations at current exchange rates, which is likely to affect growth in EPS by around 8 percentage points.
The retailer's operating margin for FY16 is likely to be 9.5 per cent as compared to 9.6 per cent in fiscal 2015.
The retailer noted that in fiscal 2016 total inventory guidance will replace the inventory per store metric. It expects total inventory to be down in the low single-digits at the end of the first quarter of fiscal 2016.
Fiscal 2015 capital expenditures were $726 million below Gap's prior guidance. For fiscal 2016, it expects capital spending to be approximately $650 million, with a continued focus on mobile and supply chain capabilities.
Gap ended fiscal 2015 with 3,721 store locations in 51 countries, of which 3,275 were company-operated. In fiscal 2016, the company expects to open about 40 company-operated stores, net of closures and repositions. (MCJ)
Fibre2Fashion News Desk – India
| On 17th Apr 2021
Fibre2Fashion, the online platform for the global...
Powered by a strong domestic and foreign demand, China's economy grew ...
| On 17th Apr 2021
As government cheques fattened consumers’ bank accounts and more...
Opportunity now to reimagine processes & systems in a digital environment
Virtual reality would be the new normal
Money never disappears-it just finds new opportunities
Nandan Denim, part of leading conglomerate Chiripal Group, commenced its...
Yawer Ali Shah
Synthetic colours and dyes were all the rage till the very first ban on...
Danitech was born from the will of a group of technicians to offer the...
Sameer Sonkusale & Rachel Owyeung
A team at the Tufts University in Massachusetts was recently in news for...
Fitesa is a leader in the nonwoven fabrics industry, specialising in...
Ventile is a registered trademark used to brand a special high-quality...
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
Label Sneha Arora
Sneha Arora, an alumnus of National Institute of Fashion Technology,...
A Humming Way
A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to email@example.com.