Gap Inc. Reports June Sales

SAN FRANCISCO - (BUSINESS WIRE) - Gap Inc. (NYSE:GPS) today reported that June 2012 net sales increased 2 percent compared with last year.

Net sales for the five-week period ended June 30, 2012 were $1.41 billion compared with net sales of $1.38 billion for the five-week period ended July 2, 2011. The company’s comparable sales for June 2012 were flat compared with a 1 percent increase for June 2011.

“We’re pleased with our overall sales performance in June, especially the continued positive trend in our North America business,” said Glenn Murphy, chairman and chief executive officer of Gap Inc.

Comparable sales for June 2012 were as follows:

  • Gap North America: positive 4 percent versus negative 1 percent last year
  • Banana Republic North America: positive 5 percent versus positive 3 percent last year
  • Old Navy North America: positive 1 percent versus positive 2 percent last year
  • International: negative 14 percent versus positive 3 percent last year

Year-to-date net sales were $6 billion for the 22 weeks ended June 30, 2012, an increase of 5 percent compared with net sales of $5.73 billion for the 22 weeks ended July 2, 2011. The company’s year-to-date comparable sales increased 3 percent compared with a 2 percent decrease last year.

July Sales

The company will report July sales on August 2, 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 about 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.

Contacts:

Gap Inc.

Investor Relations
Mike Jenkins
415-427-4454
investor_relations@gap.com

Media Relation
Emily Russel
415-427-6230
press@gap.com

###

Share this Story:

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Tony Roma's
After two decades of fast-paced international expansion, we are introducing a new generation of domestic customers to the Tony Roma’s experience....
LemonShark Poke
We're not a stuffy, corporate franchise brand. Our brand culture emphasizes the idea of just being you, and have some fun building equity in your...
B.GOOD
B.GOOD is an innovative fast-casual restaurant concept serving healthy, sustainably-sourced, and hand-prepared fresh food in-house.
AAMCO Transmissions and Total Car Care
AAMCO franchisees benefit from joining a brand that has been in business for over 50 years. Our iconic, Double A, Beep Beep, M-C-O mnemonic brings...
the inside coup
the inside coup™ is a unique franchise opportunity in a multi billion dollar industry, Direct Mail.

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)