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Gap Insists It Is Making Progress Despite Declining Sales

The Gap Inc (NYSE: GPS) delivered better than expected results despite sale drops across all its brands and fourth quarter of net losses. Gap’s report comes after its peers, Urban Outfitters Inc. Read More
Gap Insists It Is Making Progress Despite Declining Sales

Net sales grew 2.9% YoY to $836 million to $814.4 million with brand comparable sales rising 14%. Unlike Gap’s relatively unchanged guidance, Abercrombie & Fitch expects full year net sales ... Read More
Gap Insists It Is Making Progress Despite Declining Sales

For the quarter ended on April 29th, Gap reported revenue of $3.28 billion, translating to a decline of 6% YoY with comparable sales declining by 3% across Gap’s four brands and store sales ... Read More
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