Gap Inc. Reports May Sales

SAN FRANCISCO – May 31, 2012 – Gap Inc. (NYSE: GPS) today reported that May 2012 net sales increased 4 percent compared with last year.

Net sales for the four-week period ended May 26, 2012 were $1.10 billion compared with net sales of $1.06 billion for the four-week period ended May 28, 2011. The company’s comparable sales for May 2012 were up 2 percent compared with a 4 percent decrease for May 2011.

“We're pleased with overall customer response to summer product in May which helped us deliver positive comparable sales for the company,” said Glenn Murphy, chairman and chief executive officer of Gap Inc.

Comparable sales for May 2012 were as follows:

  • Gap North America: positive 6 percent versus negative 4 percent last year
  • Banana Republic North America: positive 8 percent versus negative 6 percent last year
  • Old Navy North America: negative 1 percent versus negative 1 percent last year
  • International: positive 1 percent versus negative 9 percent last year

Year-to-date net sales were $4.59 billion for the 17 weeks ended May 26, 2012, an increase of 5 percent compared with net sales of $4.36 billion for the 17 weeks ended May 28, 2011. The company’s year-to-date comparable sales increased 3 percent compared with a 3 percent decrease last year.

June Sales

The company will report June sales on July 5, 2012.

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 2011 net sales were $14.5 billion. Gap Inc. products are available for purchase in over 90 countries worldwide through about 3,000 company-operated stores, about 200 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

LaRosa Grill
La Rosa started as a single restaurant in 1994 that has grown today, into a food chain for the most discriminating of taste, authenticity & value.
Pearle Vision
Pearle Vision is one of the most recognizable, premium optical franchises, offering a proven business model in an industry with sustainable demand.
Blink Fitness
At Blink Fitness, exercise isn't just about looking good, it's also about how it makes you feel.
Quaker Steak & Lube®
Founded in 1974 in Sharon, PA, the award-winning casual dining restaurant chain has expanded over 55 locations throughout the United States and Canada
Denny's
Denny's is America's largest full-service family restaurant chain, consisting of 168 company-owned units and 1,692 franchised units, with operations...
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.