Gap Inc. Reports September Sales

SAN FRANCISCO--(BUSINESS WIRE)--Gap Inc. (NYSE:GPS) today reported that September 2011 net sales remained flat compared with last year.

"While there were some bright spots across our brands and business units, we're clear and focused on the steps necessary to improve our business performance going forward"

Net sales for the five-week period ended October 1, 2011 were $1.35 billion compared with net sales of $1.34 billion for the five-week period ended October 2, 2010. The company's comparable sales for September 2011, which include the associated comparable online sales, were down 4 percent compared with a 1 percent decrease for September 2010.

"While there were some bright spots across our brands and business units, we're clear and focused on the steps necessary to improve our business performance going forward," said Glenn Murphy, chairman and chief executive officer of Gap Inc.

Comparable sales for September 2011, including the associated comparable online sales, were as follows:

Gap North America: negative 4 percent versus flat last yearBanana Republic North America: negative 1 percent versus positive 1 percent last yearOld Navy North America: negative 1 percent versus negative 3 percent last yearInternational: negative 13 percent versus positive 4 percent last year

Year-to-date net sales were $9.12 billion for the 35 weeks ended October 1, 2011, which was flat compared with net sales of $9.12 billion for the 35 weeks ended October 2, 2010. The company's year-to-date comparable sales, including associated online sales, decreased 3 percent compared with a 2 percent increase last year.

October Sales

The company will report October sales on November 3, 2011.

About Gap Inc.

Gap Inc. is a leading global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, and Athleta brands. Fiscal year 2010 net sales were $14.7 billion. Gap Inc. products are available for purchase in over 90 countries worldwide through about 3,100 company-operated stores, about 200 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contacts

Gap Inc.
Investor Relations Contact:
Mike Jenkins, 415-427-4454
investor_relations@gap.com
or
Media Relations Contact:
Emily Russel, 415-427-6230
press@gap.com

 

###

Share this Story:

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

All American Steakhouse and Sports Theater
The All American concept is not only what the consumer is looking for, it’s what they are craving—great quality food with signature steaks in a...
Perkins Restaurant & Bakery
In today's market, the opportunity to buy a Perkins® couldn't be better for experienced restaurateurs interested in aligning with a concept that has...
Oxi Fresh
OXI FRESH is a GREEN Carpet Cleaning Franchise and one of Entrepreneur's "101 Best Franchises to Run From Home." Excellent recurring...
Discovery Point Child Development Centers®
Leading education-based childcare franchise founded in 1988 with corporate headquarters in Atlanta, GA. with a turnkey business model, real estate...
Roy Rogers Family Restaurants
There is no single factor that accounts for the powerful appeal of the Roy Rogers concept.

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)