Women's business continues to drag on Gap
With its turnaround efforts continuing to be hampered by the stagnant economy, markdowns, and rising product prices as the higher cost of cotton puts pressure on margins, specialty clothing retailer Gap Inc has yet another thorn in its side: women's wear.
Women's business continues to drag on Gap
19 August 2011
With its turnaround efforts continuing to be hampered by the stagnant economy, markdowns, and rising product prices as the higher cost of cotton puts pressure on margins, specialty clothing retailer Gap Inc has yet another thorn in its side: women's wear.
US: Gap Q2 profit slumps 19% on discounts, costs
19 August 2011
Deep discounting, higher production costs and flat or falling same-store sales across all divisions drove second-quarter profit down by 19% at Gap Inc, the US' largest specialty clothing retailer.
US: Piperlime to offer men's apparel
17 August 2011
US online retailer Piperlime today (17 August) announced it will begin offering men's apparel on the site.
US: Old Navy launches "Superfan Nation" football concessions
16 August 2011
Old Navy has revealed plans to open Superfan Nation concessions in its stores, which will offer NFL and college football apparel.
US: Gap expanding its Athleta athletic apparel brand
11 August 2011
Clothing retailer Gap Inc is set to expand its Athleta athletic apparel brand by opening its first stores in New York.
July sales a mixed bag for US apparel retailers
8 August 2011
Lured by warm weather and deep discounts as stores cleared their summer merchandise, US shoppers hit the malls in July giving an overall boost to many apparel retailers - but the results shed little light on back-to-school spending plans.
US: Gap shuffles execs at Old Navy International
28 July 2011
US clothing retailer Gap Inc today (28 July) said it will continue to roll out its Old Navy stores internationally - including its first store in Japan by the end of 2012 - despite the departure of the president of its Old Navy International division.
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