Fashion Newspaper - Articles - GAP Inc.

Gap Inc. Direct Goes Live with Kiva Order Fulfillment System

no@spam.com (Maxamillion Blick) — Tue, 09 Mar 2010 12:26:06 MST

Warehouse automation system effectively handles heavy volume of holiday orders

Kiva Systems , a developer of game-changing mobile-robotic solutions that automate order fulfillment and warehouse operations, today announced that Gap Inc. Direct has deployed a new Kiva system at its Columbus, Ohio fulfillment center.

“The system freed up our employees’ time, allowing them to focus on processing a higher volume of customer orders faster and to ensure more accuracy. We’re looking forward to leveraging Kiva’s system when we expand our online business internationally.”

Gap Inc. Reports February 2010 Sales

no@spam.com (Maxamillion Blick) — Thu, 04 Mar 2010 09:42:36 MST

Gap Inc. (NYSE:GPS) today reported net sales of $838 million for the four-week period ended February 27, 2010, which represents a 5 percent increase compared with net sales of $795 million for the four-week period ended February 28, 2009. The company’s comparable store sales for February 2010 were up 3 percent compared with a 12 percent decrease in February 2009.

“This demonstrates that our goal to improve the top line is gaining traction.”

Gap Inc. Reports November 2009 Sales

no@spam.com (Maxamillion Blick) — Thu, 03 Dec 2009 11:05:59 MST

Gap Inc. (NYSE:GPS) today reported that November 2009 net sales were up two percent from last year. Net sales for the four-week period ended November 28, 2009 were $1.42 billion compared with net sales of $1.39 billion for the four-week period ended November 29, 2008. The company’s comparable store sales for November 2009 were flat compared with a decrease of 10 percent for November 2008.

Comparable store sales for November 2009 were as follows:

Gap North America: negative 4 percent versus negative 11 percent last year
Banana Republic North America: negative 4 percent versus negative 11 percent last year
Old Navy North America: positive 6 percent versus negative 9 percent last year
International: negative 5 percent versus negative 6 percent last year

“We’re pleased that we continued to meet our objective of improving our sales trend and we did it with merchandise margins significantly above last year,” said Sabrina Simmons, chief financial officer of Gap Inc.

Year-to-date net sales were $11.38 billion for the 43 weeks ended November 28, 2009, a decrease of 4 percent compared with net sales of $11.84 billion for the 43 weeks ended November 29, 2008. The company’s year-to-date comparable store sales decreased 5 percent compared with an 11 percent decrease last year.

December Sales

The company will report December sales on January 7, 2010.

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 brand names. Fiscal 2008 sales were $14.5 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Japan and Ireland. In addition, Gap Inc. is expanding its international presence with franchise agreements in Asia, Europe, Latin America and the Middle East. For more information, please visit gapinc.com.

Gap Inc. Reports September 2009 Sales

no@spam.com (Maxamillion Blick) — Thu, 08 Oct 2009 09:03:25 MDT

Gap Inc. (NYSE:GPS) today reported net sales of $1.33 billion for the five-week period ended October 3, 2009, which is a decrease of 1 percent as compared with net sales of $1.34 billion for the same period ended October 4, 2008. The company’s comparable store sales for September 2009 decreased 1 percent compared with an 11 percent decrease for September 2008.

Affordable Premium Denim to Robertson Boulevard With its 1969 Jeans Shop : Gap News

no@spam.com (Maxamillion Blick) — Fri, 07 Aug 2009 09:31:39 MDT

Robertson Boulevard - home to celebrities who lunch, stylistas who shop and the paparazzi who love them - can now add Gap to its high-brow roster of boutiques and designer stores that line the famed thoroughfare. To celebrate the launch of its all-new 1969 Premium Jeans, Gap is opening the doors to its 1969
Jeans Shop and invites denim lovers to find their perfect pair of premium jeans starting at $59.50.

Gap Outlet and Banana Republic Factory Stores Triple A Save Partners

no@spam.com (Maxamillion Blick) — Fri, 31 Jul 2009 09:22:12 MDT

In the current economy, many Americans are looking for ways to stay stylish on a budget. AAA members already have a fashion advantage at a number of partner outlet stores that offer exclusive discounts, and the number of clothing retailers in the program just got bigger. The newest Show Your Card & Sav (R) outlet partners, Gap Outlet and Banana Republic Factory Store, now offer AAA members a 10 percent discount at more than 300 locations. The discount is valid on all purchases, including sale merchandise and is also available at all Baby Gap Outlet and Kids Gap Outlet stores. To receive the discount, AAA members are required to show their membership card at the time of purchase.

Gap Inc. Reports June 2009 Sales Down 9 Percent

no@spam.com (Maxamillion Blick) — Thu, 09 Jul 2009 08:53:23 MDT

Gap Inc. (NYSE:GPS) today reported net sales of $1.29 billion for the five-week period ended July 4, 2009, which represents a 9 percent decrease compared with net sales of $1.41 billion for the five-week period ended July 5, 2008. The company’s comparable store sales for June 2009 were down 10 percent compared with a 7 percent decrease in June 2008.

Gap Inc. Chairman and CEO Outlines Business Priorities at Investor Conference

no@spam.com (Maxamillion Blick) — Wed, 10 Jun 2009 09:27:39 MDT

Gap Inc. (NYSE:GPS) chairman and chief executive officer Glenn Murphy today updated investors about the company’s top priorities, including gaining market share at its core brands in North America while continuing to grow through its Online and International businesses.

“With our solid foundation and operational discipline in place, we’re now taking steps across our brands to gain back market share,” said Murphy. “Our healthy balance sheet also gives us the flexibility to make strategic investments for the future.”

Gap Inc. Names Julie Rosen Head of Banana Republic Merchandising

no@spam.com (Maxamillion Blick) — Wed, 06 May 2009 08:25:44 MDT

Gap Inc. (NYSE:GPS) yesterday announced that Julie Rosen is returning to the company as senior vice president of merchandising for Banana Republic, reporting to Jack Calhoun. A 15-year veteran of the company, Rosen will lead all product merchandising for Banana Republic, including men’s, women’s and accessories, as well as manage licensing relationships with third-party vendors.