US: Gap posts 6% rise in September comparable sales
By Katie Smith | 4 October 2012
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.
Sectors: Apparel, Finance, Retail
Companies: Gap Inc
View next/previous articles
4 Oct 2012 -
Currently reading -
US: Gap posts 6% rise in September comparable sales
Related research
Datamonitor's Gap, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Gap, Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides sum...
The Gap, Inc.: Retail Company Profile, SWOT & Financial Report
Canadean's "The Gap, Inc.: Retail Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, competitive benchmarking, SWOT ana...
The Gap, Inc. - SWOT, Strategy and Corporate Finance Report
The Gap, Inc. - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corpo...
Related articles
February off to a slow start for US apparel retailers
US retailers battled significant headwinds in February, with sales of early spring merchandise getting off to a slow start in the face of cool weather, higher payroll taxes and economic uncertainty.
Read more on this hot issue
September retail sales hold up as headwinds gather
A strong end to the back-to-school shopping season contributed to the solid sales results rung up by many US clothing and footwear retailers in September - but economic and political uncertainty continues to hang over holiday forecasts.
There are currently no comments on this article
Be the first to comment on this article