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.
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...
US surf wear brand Quiksilver has announced a series of senior management changes as part of efforts to turnaround the business, following the appointment of a new president and CEO in January. ...
- Where next for 3D design and prototyping?
- What Marks & Spencer's numbers mean for clothing
- Balance essential in garment supply chain
- Apparel buyers miss out on commodity cost savings
- Tanzania adds to Africa’s apparel sourcing mix
- Brandix named PVH ‘Global Supplier of the Year’
- Earthquake damage at Bangladesh garment factories
- Ascena Retail to buy Ann Taylor owner for $2bn
- AGOA delays drag on sourcing decisions
- China and India to exploit trade relationship