US: Gap posts 6% rise in September comparable sales
Specialist clothing retailer Gap Inc has today (4 October) booked a 6% rise in comparable sales during September on the back of gains at its North American divisions.
Net sales increased 8% to US$1.45bn for the five weeks ended 29 September, compared to $1.35bn the same period last year.
The San Francisco-based retailer saw comparable sales growth in all of its North American business units, with Gap recording a 5% gain, Banana Republic posting 4% growth and Old Navy booking a 10% increase in comparable store sales.
However, international comparable store sales declined 3%, against a 13% fall last year.
"In September, strong customer response to trend-right product across all brands helped us deliver continued positive performance in North America," said Glenn Murphy, chairman and chief executive officer of Gap Inc.
Year-to-date net sales increased 6% to $9.71bn, while comparable sales rose 5% compared to a 3% decrease last year.
This report analyzes the worldwide markets for Sports and Fitness Clothing in US$ Million by the following Product Segments: Sports Apparel, and Fitness Clothing. The report provides separate comprehe...
The following is a general roundup of US apparel and shoe retailers' February 2013 sales results. It is worth noting that from this month, a number of retailers are no longer reporting their sales res...
Gap is making huge strides in becoming more responsive to what its customers really want, with a new "less is more" philosophy combining with improved speed to market so that it is able to take fewer ...
US women's wear retailer Ascena Retail Group has appointed Erin Stern as its executive vice president and chief merchandising officer of the Maurices brand....
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy....
Specialty clothing retailer Gap Inc has reported 3% growth in February comparable store sales, driven by an extra week during the month and gains from its acquisition of multi-brand women's wear retai...
- Slow fashion: a fast-growing opportunity?
- Rethink needed as low-cost labour options dwindle
- China's apparel sector ponders sustainability
- US textile and apparel trade and sourcing snapshot
- African apparel sector needs cooperation to thrive
- Tazreen Fashions compensation agreement outlined
- Puma commits to 100% PFC removal
- Gap unveils management changes as Q3 profit rises
- Long-term partnerships key to Adidas sourcing mode
- Long-running SL Garment dispute settled