Gap Inc. Reports June Sales

SAN FRANCISCO - July 11, 2013 - (BUSINESS WIRE) - Gap Inc. (NYSE: GPS) today reported that June 2013 net sales increased 8 percent compared with last year.

Net sales for the five-week period ended July 6, 2013 were $1.53 billion compared with net sales of $1.41 billion for the five-week period ended June 30, 2012.

"We are pleased with our June sales results," said Glenn Murphy, chairman and chief executive officer of Gap Inc. "Old Navy's performance was particularly strong."

Due to the 53rd week in fiscal year 2012, June 2013 comparable sales are compared to the five-week period ended July 7, 2012. On this basis, Gap Inc.’s comparable sales for June 2013 were up 7 percent versus flat for June 2012.

Comparable sales by global brand for June 2013 were as follows:

  • Gap Global: positive 5 percent versus negative 3 percent last year
  • Banana Republic Global: negative 1 percent versus positive 4 percent last year
  • Old Navy Global: positive 13 percent versus positive 1 percent last year

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:00 p.m. Pacific Time on July 11, 2013 and available for replay until 1:00 p.m. Pacific Time on July 19, 2013.

July Sales

The company will report July sales on August 8, 2013.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2012 net sales were $15.7 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,100 company-operated stores, over 300 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Contacts:

Gap Inc.

Katrina O'Connell
415-427-2832
(Investor Relations)
Investor_relations@gap.com

Kari Shellhorn
415-427-1805
(Media Relations)
press@gap.com

###

Share this Story:

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

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...
Red Mango
Based in Dallas and with more than 300 locations across the U.S., Mexico, El Salvador and Uruguay, Red Mango is a rapidly-expanding retailer of...
Hungry Howie's Pizza
Hungry Howie's is currently EXPANDING! Top Markets are available for single or multiple unit development. Get the EDGE over the competition with...
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,...
FIT36®
Start a fitness business with one of the best, manager-run franchise models in the industry. FIT36® delivers a proven business model backed by a...

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)