Gap Inc. Reports August Sales

SAN FRANCISCO - (BUSINESS WIRE) - Gap Inc. (NYSE:GPS) today reported that August 2012 net sales increased 9 percent compared with last year.

Net sales for the four-week period ended August 25, 2012 were $1.20 billion compared with net sales of $1.10 billion for the four-week period ended August 27, 2011. The company’s comparable sales for August 2012 were up 9 percent compared with a 6 percent decrease for August 2011.

"Our August results underscore our focus to deliver trend-right product supported by great store execution," said Glenn Murphy, chairman and chief executive officer of Gap Inc. "In addition, we drove strong back-to-school sales, particularly at Old Navy."

Comparable sales for August 2012 were as follows:

  • Gap North America: positive 9 percent versus negative 8 percent last year
  • Banana Republic North America: positive 8 percent versus negative 4 percent last year
  • Old Navy North America: positive 12 percent versus negative 4 percent last year
  • International: negative 2 percent versus negative 9 percent last year

Year-to-date net sales were $8.26 billion for the 30 weeks ended August 25, 2012, an increase of 6 percent compared with net sales of $7.78 billion for the 30 weeks ended August 27, 2011. The company’s year-to-date comparable sales increased 4 percent compared with a 3 percent decrease last year.

September Sales

The company will report September sales on October 4, 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, over 200 franchise stores, and e-commerce sites. For more information, please visit


Gap Inc.

Mike Jenkins
415-427-4454 (Investor Relations)

Stacy Rollo
415-427-6230 (Media Relations)


Share this Story:


comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

Wayback Burgers
Wayback Burgers is strategically poised to grow dynamically. This could be your opportunity to partner with a leader in a rapidly growing food market...
Sonic Drive-In
Here's your chance to own a SONIC® Drive-in Franchise Restaurant. As the nation's largest drive-in chain, SONIC® has successfully served up hot,...
Dogtopia® is your one-stop shop for award-winning dog daycare, boarding and spa services.
uBreakiFix is a consumer electronics repair company based out of Orlando, FL that specializes in refurbishing and restoring smartphones, tablets,...
Elements Massage
When simplicity is the essence of your business model, clients and owners benefit. Clients want a predictably wonderful experience with every visit....

Subscribe to 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)