US: Gap books 4% October comparable sales growth
US apparel giant Gap Inc has today (1 November) posted a 4% increase in comparable sales during October on the back of growth at its North American businesses.
Net sales rose 7% to US$1.22bn during the four weeks ended 27 October, compared to $1.14bn the prior year.
The San Francisco-based retailer said comparable sales increased at all of its North American divisions, with Gap posting 6% growth, Banana Republic recording a 5% gain and Old Navy booking a 5% rise in comparable sales.
But international comparable sales slipped 2% in October, compared to a 7% decline last year.
"We're very pleased with the continued momentum in the business across all brands in North America," said CEO and chairman Glenn Murphy. "Our focus remains on offering great product to our customers in order to sustain our business performance."
Year-to-date sales increased 6% to $10.93bn, while comparable sales rose 5% compared to a 3% decline last year.
A new study into the impact of the branded clothing sector on the European economy is calling for a shift in thinking when it comes to setting out trade policies to include the full breadth of the ind...
New research released this week has linked international fashion brands to a textile plant in West Java that is accused of dumping industrial wastewater containing a cocktail of toxic and hazardous ch...
A new water discharge monitoring service has been introduced to help textile manufacturers eliminate pollution of waterways and demonstrate their environmental credentials....
Gap Inc, the USA's largest speciality clothing retailer, is eyeing a larger share of the $1.4trn global apparel market through a number of new initiatives including plans to franchise Old Navy stores ...
US apparel, footwear and accessories retailer J Crew has promoted James Scully to chief operating officer, and Libby Wadle to the position of president of the J Crew brand....
- Why have US FTA imports fallen to a record low?
- Collaboration key to the future of smart textiles
- First figures show Bangladesh exports climb
- Synergies Worldwide CEO unravels sourcing shifts
- Rana Plaza three years on – Timeline of change
- Hanesbrands to buy Pacific Brands for $800m
- Lindex planning supplier sustainability scorecard
- BHS receives "expressions of interest"
- New loan deal to help upgrade Bangladesh factories
- Timberland sets new eco-preferred standards