US: Gap books 5% December comparable sales growth
Specialty clothing retailer Gap Inc has today (3 January) booked a 5% rise in December comparable store sales, helped by gains at its North American brands.
Net sales were up 5% to US$2.08bn during the five weeks to 29 December, compared to $1.98bn the same period a year ago.
The San Francisco-based retailer said comparable sales were up at all of its North American brands, with Gap posting 2% sales growth, Banana Republic recording a 1% gain, while Old Navy jumped 13%.
However, international comparable sales slipped 6% on top of a 6% decline last year.
"Customers responded favourably to our product offerings and promotions during the holiday season overall," said chairman and CEO Glenn Murphy. "We're pleased to continue delivering positive comps across all our brands in North America."
Year-to-date net sales increased 6% to $14.52bn, compared to $13.72bn the year before. Comparable sales climbed 4% against a 4% decline last year.
The Gap Inc offers casual, mid-tier clothing to Mexican consumers through department stores and recently in 2012 by opening its first flagship Gap store in the country....
This report analyzes the worldwide markets for Sports and Fitness Clothing in US$ Million by the following Product Segments: Sports Apparel, and Fitness Clothing. The report provides separate comprehe...
Children's apparel retailer The Gymboree Corporation has appointed Levi Strauss & Co executive Joelle Maher as the company's new chief operating officer....
US retailer The Wet Seal has appointed Lesli Gilbert as EVP, stores and operations. ...
Specialty clothing retailer Gap Inc posted a 7% increase in May comparable store sales after customers responded positively to summer products across its brands....
- China tightens on corporate social responsibility
- Marks & Spencer to extend mobile phone monitoring
- Factoring: a lifeline for apparel suppliers?
- Outdoor industry's future must be more inclusive
- Responsible apparel sourcing requires teamwork
- Adidas "Reebok sale" would be admittance of defeat
- New JC Penney CEO “credible but no solution”
- UPDATE: A&F appoints Horowitz to head Hollister
- H&M calls for annual wage reviews in Bangladesh
- Fire and safety events to converge on Bangladesh
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Wool in the 21st Century: new prospects for a familiar fibre
- Ethiopia – the emerging textile and clothing industry
- Prospects for the Textile and Clothing Industry in Vietnam
- Global market review of denim and jeanswear – forecasts to 2020