>>
Home / Knowledge / News / Apparel/Garments / Gap April same-store sales fall 3%, sales flat

Gap April same-store sales fall 3%, sales flat

04
May '06
Apparel giant Gap Inc reported net sales of $1.23 billion for the four-week period ended April 29th 2006, which is flat to net sales of $1.23 billion for the same period ended April 30th 2005.

The company's comparable store sales for April 2006 decreased 3 percent compared with a 5 percent decrease in April 2005.

Comparable store sales by division for April 2006 were as follows:

• Gap North America: negative 2 percent versus negative 9 percent last year
• Banana Republic North America: positive 1 percent versus negative 6 percent last year
• Old Navy North America: negative 6 percent versus flat last year
• International: negative 3 percent versus negative 12 percent last year

"April comparable store sales improved relative to March, reflecting the impact of the shift of Easter to April this year,” said Sabrina Simmons, Senior VP, Treasury and Investor Relations. “Merchandise margins were above last year, but will likely experience pressure in May as we work through remaining Spring markdowns.”

For the 13 weeks ended April 29th 2006, total company net sales were $3.44 billion, which is a decrease of 5 percent to net sales of $3.63 billion for the same period ended April 30th 2005. The company's first quarter comparable store sales decreased 9 percent compared with a decrease of 4 percent in the first quarter of the last year.

The company announced that it expects earnings per share for the first quarter to be $0.26 to $0.27. The company reiterated that it expects year-over-year inventory per square foot to be down in the low-single digits at the end of the first quarter.


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

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

Huntsman (Singapore) Pte Ltd
International Textile Manufacturers Federation
Alix Partners
Amazon China
Brandix Lanka Limited
Truetzschler India Private Limited
Cat Tuong Real Estate Group Joint Stock Company
Midas Clothing Limited
Lifestyle
Eastman Chemical Company
Tommy Hilfiger
Green Fibre
Target Corporation (MN)
Grasim Industries Limited
Aquarelle Clothing Limited
Recron Polyester from Reliance Industries Limited
IDH – The Sustainable Trade Initiative
G-Star Raw C.V.
Under Armour Global Sourcing Ltd
Splash
Alison Hayes Romania
J ;& P Coats
MAS Active / MAS Kreeda / MAS Bodyline
Calvin Klein
Desigual - ABASIC, S.A.
Lacoste (Wanchai)
Vianney Textil Hogar S.A. De C.V.
Gap International Sourcing Limited
Tchibo GmbH
Babyshop
BIANCA
NITI Aayog
H;&M Hennes ;& Mauritz (Far East) Ltd
Hirdaramani International Export Private Limited
Reiter India Private Limited
Lisa S.P.A.
TESCO INTERNATIONAL SOURCING LIMITED
Rosset ;& Cia Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
OVS Hong Kong Sourcing Ltd.
LC Waikiki
T.T. Limited
C;&A Sourcing International Ltd
THE BOMBAY DYEING ;& MFG.CO. LTD
The Top Form Brassiere Manufacturing Company Limited
KAS Direct Sourcing
Page Industries Limited (Bangalore)
Bluestem Global Sourcing Limited
Benetton Group
Restoque S.A.
Puma
Lenzing Aktiengesellschaft
Permoda(Koaj/Armi/Pronto/Bkul)
Boardriders Asia Sourcing Limited
Gloria Jeans
Decathlon
IKEA of Sweden AB
Gokaldas Exports Limited
Sainsbury's Argos Asia Limited
Chico’ FAS
John Varvatos
Sateri (Jiujiang) Fiber Co.,Ltd
Sportswear Company Spa
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Seasalt Limited
Maceton Limited
SHAHI Exports Pvt Ltd
Abit
KIABI
SYNERGIES HONG KONG LIMITED
The LYCRA Company Singapore  Pte. Ltd
Hela Clothing Pvt Ltd
Esprit Europe Services GmbH
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Varner AS Retail
BIMBA ;& LOLA SL
Rayonese Textile Inc., Division de Culp Inc.
PVH Corporation
Groz-Beckert East Asia LLP
Phong Phu international JSC (PPJ)
Aramark Uniform ;& Career Apparel, LLC
Gatsby Africa
Lululemon Athletica Inc
Landmark Group
Guess Europe Sagl,
Vardhman Textile Ltd
Asos
Tory Burch Hong Kong Ltd
Arvind Limited
Sportmaster Ltd.

January 2022

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


Advanced Search