>>
Home / Knowledge / News / Apparel/Garments / Global apparel marketer Gap reports 2% drop in Q3FY16 sales
Global apparel marketer Gap reports 2% drop in Q3FY16 sales
21
Nov '16
Global apparel marketer Gap Inc. reported a 2 per cent drop in sales at $3.80 billion for the three months ended October 29, 2016, as against $3.86 billion in the corresponding quarter of the previous fiscal. Translation of foreign currencies into US dollars positively impacted its sales for the third quarter of fiscal 2016 by about $17 million.

In the quarter under review, comparable sales too were down 3 per cent, which includes an estimated negative impact from the Fishkill distribution centre fire of approximately 2 percentage point. In the prior fiscal's third quarter, the company had recorded a decline of 2 per cent in comparable sales.

Brand wise, comparable sales for Gap decreased 8 per cent, which includes an estimated negative impact from the fire of around 4 percentage points, versus negative 4 per cent in the third quarter of last fiscal.

Comparable sales too fell 8 per cent at Banana Republic brand, which too was impacted by approximately 2 percentage points, vis-à-vis negative 12 per cent in the earlier fiscal's same quarter.

However, Old Navy brand posted a 3 per cent growth in comparable sales, including an approximate negative 1 percentage point impact. This compares with an increase of 4 percent in the same period of last fiscal. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 27th May 2022

Material supply shortage hits Vietnam’s textile exports

Vietnamese textile firms are concerned over tight material supply...

Pic: WTO

Textiles | On 27th May 2022

WTO goods trade barometer flat due to Ukraine war, COVID-19

The Russia-Ukraine war and recent pandemic-related lockdowns in China ...

Pic: Shutterstock

Textiles | On 27th May 2022

Global crises lead to deterioration in labour market recovery: ILO

Multiple global crises are resulting in a marked deterioration in the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Marzia Lanfranchi,

Marzia Lanfranchi

With an aim to transform the way people grow, make, source, and use...

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Francesco Vergentini, A.Celli Nonwovens

Francesco Vergentini
A.Celli Nonwovens

A.Celli Nonwovens offers a complete range of rewinders and rewinders...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Susumu Miura, Label - Avalone

Susumu Miura
Label - Avalone

<div>Tokyo-based fashion brand Avalone, founded by Susumu Miura in 2013...

Eirinn Hayhow, Label - Eirinn Hayhow

Eirinn Hayhow
Label - Eirinn Hayhow

Eirinn Hayhow, founder of her eponymous label, is renowned for creating...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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

ESTEEMED CLIENTS

X-Rite Asia Pacific Limited (HK)
C;&A Sourcing International Ltd
Alix Partners
Tuyap Tum Fuarcilik Yapim A.S.
Lottmann Communications
The LYCRA Company Singapore  Pte. Ltd
VNU Exhibitions Asia
Officina Meccanica Dora Enrico Srl
Thai Acrylic Fibre Company Limited
Recron Polyester from Reliance Industries Limited
Savio Macchine Tessili S.P.A.
Shanghai  Aige Exhibition Service Co., Ltd
Kern – Liebers Textile
Shima Seiki Mfg. Ltd.
EMBEE CORPORATION
TESCO INTERNATIONAL SOURCING LIMITED
COTTON COUNCIL INTERNATIONAL
Istanbul Fuarcilik A.S.
Puma
Thermore (Far East) Ltd.
Walmart
Groz-Beckert KG
Indofil Industries Limited - Specialty & Performance Chemicals Division
Taiwan Textile Federation (TTF)
Guess Europe Sagl,
Lenzing Aktiengesellschaft
Datatex Consulting Srl
Hela Clothing Pvt Ltd
Varner AS Retail
Marzoli Machines Textile s.r.l.
Loris Bellini S.r.l.
Applied DNA Sciences Inc
Kornit Digital Asia Pacific Ltd
PVH Corporation
OVS Hong Kong Sourcing Ltd.
APLF Limited
G-Star Raw C.V.
Gloria Jeans
Aramark Uniform ;& Career Apparel, LLC
Landmark Group
BTC Textiles LLC
DuPont de Nemours, Inc.,
Rayonese Textile Inc., Division de Culp Inc.
NV Michel Van de Wiele
BIANCA
International Textile Manufacturers Federation
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Sateri (Jiujiang) Fiber Co.,Ltd
Sainsbury's Argos Asia Limited
Weitmann & Konrad GmbH & Co. KG
Vianney Textil Hogar S.A. De C.V.
Huntsman (Singapore) Pte Ltd
Midas Clothing Limited
Lectra Technologies India Pvt Ltd.
IDH – The Sustainable Trade Initiative
Color Service s.r.l.
BRINKMANN GMBH
Reiter India Private Limited
CGS Inc.
Etam Group Strategy Hong Kong Limited
TEXVALLEY MARKET LIMITED
Zydex Industries
EPCH
Woolmark Services India Pvt. Ltd.
Cat Tuong Real Estate Group Joint Stock Company
SYNERGIES HONG KONG LIMITED
John Varvatos
Boardriders Asia Sourcing Limited
Groz-Beckert East Asia LLP
K AND D ITMACH EXPOSITIONS LLP
J ;& P Coats
Aquarelle Clothing Limited
Splash
SHAHI Exports Pvt Ltd
Infor (Hong Kong) Limited
Brückner Trockentechnik GmbH & Co. KG
Zünd Systemtechnik AG
Dow Silicones Corporation
Amazon China
GIOVANNI BOZZETTO S.p.A.
Centric Software
Page Industries Limited (Bangalore)
N9 World Technologies Private Limited
Under Armour Global Sourcing Ltd
Stahl Holdings B.V.,
Mesdan SPA
Karl Mayer Textilmaschinenfabrik GmbH
Green Fibre
Inter Expo Center Ltd.
Lululemon Athletica Inc
CSGIA(China Screen Printing & Graphic Imaging Association)
Flainox S.r.l.
USTER
UBM China (Shanghai)
Hirdaramani International Export Private Limited
Restoque S.A.
MAS Active / MAS Kreeda / MAS Bodyline
Jiangsu Yingyang Nonwoven Machinery Company Limited
Calvin Klein
Itema Weaving (India) Private Limited
Gokaldas Exports Limited
Asos
Vardhman Textile Ltd
Gap International Sourcing Limited
Nihalani Events Management
Grasim Industries Limited
H. Stoll AG & Company KG
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Bluestem Global Sourcing Limited
Colours India Inc
KIABI
Tommy Hilfiger
ITMA Services Pte Ltd
Phong Phu international JSC (PPJ)
Meera Dyestuff Industries
GERBER TECHNOLOGY LTD.
Alison Hayes Romania
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Messe Frankfurt Exhibition GmbH
Jindal Worldwide Limited
Eastman Chemical Company
Equinox Impex India
Chico’ FAS
Tradewind International Servicing
Sportmaster Ltd.
Recron Polyester from Reliance Industries Limited
T.T. Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Saurer Textile Solutions Pvt. Ltd.
Comasia Limited
TÜYAP IHTISAS FUARLARI A.S.
Haelixa AG
Coats Digital Limited
International Sourcing Expo Australia
Decathlon
The LYCRA Company Singapore  Pte. Ltd
Truetzschler India Private Limited
LC Waikiki
Rosset ;& Cia Limited
China World International Exhibition Company Limited
Sportswear Company Spa
Desigual - ABASIC, S.A.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Esprit Europe Services GmbH
IKEA of Sweden AB
FESPA (Reigate)
Tchibo GmbH
Maceton Limited
Datacolor AG Europe
Abit
Performance Days
Copenhagen Fashion Summit
Helly Hansen Far East Ltd
Chori Company Limited
Lifestyle
DyStar India Pvt. Ltd
KAS Direct Sourcing
Rieter India Private Limited
Newtech Textile Technology Development (Shanghai) Company Limited
Nandan Denim Limited
Target Corporation (MN)
The Top Form Brassiere Manufacturing Company Limited
Aleph Srl
Lisa S.P.A.
BTSR International S.P.A.
Lacoste (Wanchai)
Palexpo SA
Mayer & Cie. GmbH & Co. KG
NITI Aayog
FULGAR SpA
JES MEDIA, INC
Permoda(Koaj/Armi/Pronto/Bkul)
IIGM Private Limited
Seasalt Limited
Eurofins BLC Leather Technology Centre Ltd
EUROVET ASIA LTD
BIMBA ;& LOLA SL
TESTEX AG, Swiss Textile Testing Institute
Thai Trade Center
GHCL LIMITED
Arvind Limited
Benetton Group
Babyshop
Bluesign Technologies Ag
Gatsby Africa
THE BOMBAY DYEING ;& MFG.CO. LTD
Tory Burch Hong Kong Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Lenzing Aktiengesellschaft - India
IFF Media Ag - International Media Services
Xtema - Thomas Lebherz Textilmaschinen
Brandix Lanka Limited
Pt. Peraga Nusantara Jaya Sakti
Italian Trade Commission
Indo Tex
Messe Duesseldorf
G.A.S. unternehmenskommunikation gmbh
ZAITEX spa

May 2022

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


Advanced Search