Gap Inc. Reports November Sales Results

SAN FRANCISCO - December 03, 2015 - (BUSINESS WIRE) - Gap Inc. (NYSE: GPS) today reported that November 2015 net sales decreased 9 percent compared with a 6 percent increase last year. On a constant currency basis, November 2015 net sales decreased 8 percent compared with last year.1 Net sales for the four-week period ended November 28, 2015 were $1.57 billion compared with net sales of $1.72 billion for the four-week period ended November 29, 2014.

“With much of the holiday season still ahead, our teams remain focused on strong execution and delivering compelling experiences for customers across our brands,” said Sabrina Simmons, chief financial officer, Gap Inc.

November Comparable Sales Results

Gap Inc.’s comparable sales for November 2015 were down 8 percent versus a 6 percent increase last year. Comparable sales by global brand for November 2015 were as follows:

  • Gap Global: negative 4 percent versus negative 4 percent last year
  • Banana Republic Global: negative 19 percent versus positive 2 percent last year
  • Old Navy Global: negative 9 percent versus positive 18 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 1:15 p.m. Pacific Time on December 3, 2015 and available for replay until 1:15 p.m. Pacific Time on December 11, 2015.

1In calculating the net sales change on a constant currency basis, current year foreign exchange rates are applied to both current year and prior year net sales. This is done to enhance the visibility of underlying sales trends, excluding the impact of foreign currency exchange rate fluctuations.

December Sales

The company will report December sales on January 7, 2016.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

SOURCE Gap Inc.

Contacts:

Jack Calandra
Gap Inc.
Investor Relations 
415-427-1726
Investor_relations@gap.com

Jennifer Poppers
Gap Inc.
Media Relations
415-427-1729
Press@gap.com

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Club Pilates
Are you looking for an opportunity to explore other paths in your life? Are you trying to change things up or find something that offers you more...
Massage Envy
Massage Envy clinics are designed to provide a compelling image, an inviting and functional environment and the highest degree of operational...
ProSource Wholesale
ProSource is America's largest wholesale home improvement franchise; a truly unique B2B franchise model. Our owners enjoy strong cash flow with...
Wienerschnitzel
Profitable. Unique. Different. Wienerschnitzel wants you to join our franchise family. Why? As a prominent franchise of over 50 years we OWN the...
American Family Care
The demand for health care services increases every year. People want and need access to health care on their terms - which usually means immediately!
Share This Page

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
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.