gap inc/the (GPS) Key Developments
Gap to Open First Stores in Slovenia by September
Jul 22 14
Gap said it plans to open by September its first stores in Slovenia as part of an expansion plan which also envisages openings in Austria. Slovenia's large shopping centre, City Park in Ljubljana, will be the location for the first two free-standing stores. The third store will open in the Emporium department store, also in the Slovenian capital.
Gap Inc. Reports Comparable Sales Results for the Month of June 2014
Jul 18 14
Gap Inc. reported comparable sales results for the month of June 2014. The company reported comparable sales for June 2014 decreased 2%, compared to an increase of 7% for June 2013.
Gap Inc. Reports Sales Results for the Five-Week Period Ended July 5, 2014
Jul 10 14
Gap Inc. reported sales results for the five-week period ended July 5, 2014. For the period, the company reported total revenue of $1.54 billion.
Gap Inc. to Enter Myanmar Market
Jun 7 14
Gap Inc. has announced plans to produce clothing in Myanmar, the first American retailer to enter the market since the country began its transition to democracy three years ago. Two factories in the commercial capital, Yangon, are reportedly producing garments for the company's Old Navy and Banana Republic brands. The clothing would be ready for sale in the U.S. by this summer.
The Gap, Inc. Reports Sales Results for the Months Ended May 31, 2014
Jun 5 14
The Gap, Inc. reported that May net sales increased 4% compared with last year. Net sales for the four-week period ended May 31, 2014 were $1.27 billion compared with net sales of $1.22 billion for the four-week period ended June 1, 2013. The company's comparable sales for May 2014 were up 1% versus a 7% increase last year.