Home / Knowledge / News / Apparel/Garments / Q3FY17 sales drop 1.55% at apparel marketer Gap
Q3FY17 sales drop 1.55% at apparel marketer Gap
Nov '16
Courtesy: GAP
Courtesy: GAP
For the three months ended October 31, 2015, net sales at apparel marketer Gap Inc. fell to $3.80 billion, down 1.55 per cent as against $3.86 billion in the prior fiscal's third quarter. Comparable sales for the third quarter of fiscal 2017 too were down 3 per cent, compared to a 2 percent decline in the corresponding period of earlier fiscal.

According to Gap Inc, overall comparable sales were impacted approximately 2 percentage points, due to a negative impact from the Fishkill distribution centre fire.

Comparable sales in the reporting quarter for the Gap Global brand fell 8 percent vis-à-vis a decrease of 4 per cent in the fiscal ago quarter, with the fire accounting for a higher negative impact of approximately 4 percentage points.

For the Banana Republic Global brand, comparable sales too dropped 8 percent versus 12 per cent in the third quarter of fiscal 2016, which also includes an estimated negative impact of approximately 2 percentage points.

However, comparable sales for the Old Navy Global brand rose 3 per cent as against a increase of 4 per cent in the previous fiscal's same quarter, with the fire impacting approximately 1 percentage point. (AR)

Fibre2Fashion News Desk – India

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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

November 2019

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

news category

Related Categories:

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search