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GAP notes flat net sales in first quarter

US-based apparel retailer GAP Inc. has announced its financial results for the first quarter of fiscal year 2017. During the quarter under review, comparable sales were up 2 per cent against 5 per cent decrease last year. The retailer’s net sales stood at US $ 3.4 billion, flat to the first quarter of fiscal year 2016. The translation of foreign currencies into US dollars negatively impacted the company’s net sales for the first quarter of […]

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GAP partners with Amazon to sell products in India

GAP, one of the world’s most iconic apparel and accessories brand, has announced that its products would now be available on Amazon Fashion in India through a partnership between Amazon India and Arvind Lifestyle Brand Limited, a subsidiary of Arvind Limited, which is one of India’s largest textile companies. “We are very excited to provide India-wide access to GAP merchandise for customers with Amazon Fashion. As a front runner in the online retail space, Amazon […]

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GAP to increase store count, manufacture in India to counter rivals

US-based apparel retailer GAP Inc., which currently operates 11 stores across India, plans to open four more stores by the year-end. It has also decided to manufacture and sell locally in the country to compete with rising competition from its European rivals Zara and H&M. Once the fashion brand will start manufacturing its clothes here it will have an impact on products prices. The retailer has framed a strategy to up the ante further. It […]

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Asia-Pacific likely to be the fastest growing market for premium denim jeans

The global denim jeans market is valued at around US $ 58 billion and premium denim accounts for roughly 26 per cent of the overall jeans market with the highest market potential; it is also the fastest growing segment of the market. Many premium denim companies in the market are focusing on opening more stores in developing countries, augmenting the market to grow at a CAGR of over 8 per cent until 2019. As per […]

April 24, 2017

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Fashion brand GAP announces sustainable cotton goals

GAP Inc. wants its brand, GAP, to get all its cotton from more sustainable sources by 2021. The company also wants the label to source 80 per cent of its technical fabrics from sustainable fibres for its Athleta activewear brand. “With our new sustainable cotton goal, we have the opportunity to make a big impact on the global cotton community and bring to light what’s so incredibly important to the future of garment manufacturing, what […]

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GAP struggles to boost sales in India

US-based apparel retailer GAP Inc., which has a franchise agreement with textile and apparel major Arvind Lifestyle Brands, has been struggling to boost sales in India. Despite being in the India market for the last two years, the apparel brand is yet to have a grip over customers in the country. According to reports, H&M has given tough competition to the retailer since its launch in Indian market in in October 2015. GAP currently has […]

March 29, 2017

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Banana Republic gets new CEO

Apparel retailer Gap Inc. has announced appointment of Mark Breitbard, who was instrumental in delivering the product-led resurgence of Gap’s North America business, as President and Chief Executive Officer (CEO) of Banana Republic. He will report to Art Peck, President and Chief Executive Officer of Gap Inc., and will serve on the company’s senior leadership team. Peck will continue to directly oversee Banana Republic until Breitbard joins the company in early May. “Mark brings significant […]

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Apparel retailer GAP posts 1% rise in Q4 sales

US-based apparel retailer GAP Inc. has announced its financial results for the fourth quarter and full year ended January 28, 2017. The company’s net sales noted 1 per cent surge to US $ 4.43 billion compared to US $ 4.38 billion over the same period last year. In the mentioned period, the apparel brand generated gross profit of US $ 1.50 billion as against US $ 1.44 billion last year. Its operating income totalled US […]

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Fashion brands consider price-cut to woo Indian consumers

In a bid to improve market share in India and attract price-conscious Indian consumers, international fashion brands such as GAP and Zara are reducing prices of their products. GAP, one of the world’s most iconic apparels and accessories labels, is considering measures for price strategy and is in talks with its India franchisee Arvind Lifestyle Brands to produce 30-40 per cent GAP merchandise in India to be sold here. It is planning to reduce prices […]

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Shivalik Prints: A company that believes in taking challenges

Producing 50 tonnes of knitted fabric per day and processing 98 per cent of its in-house to convert into 2,00,000 knitted garments for exports by the end of the day is just not the only thing that makes Shivalik Group the largest knitting company in northern India. Apart from the available water recycling facilities, its processing units are solar equipped which generate 1.5 MW power and is headed to become the largest biologically zero-discharge apparel factory in […]

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GAP ends holiday season on a high

US-based apparel retail giant GAP Inc. has announced its financial results for the four-week period ended January 28, 2017. The company’s net sales for the period increased 2 per cent to US $ 828 million compared with net sales of US $ 813 million for the four-week period ended January 30, 2016. For the fourth quarter of fiscal year 2016, GAP’s net sales increased by 1 per cent to US $ 4.43 billion compared with […]

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Banana Republic’s Global President quits

American apparel retailer GAP Inc. has announced that Andi Owen, Global Brand President of Banana Republic will leave the company next month. Owen joined the Group in 1991 and held several roles, including Senior Vice President and General Manager for Banana Republic Factory Stores in 2006. Since 2011, she has served as Executive Vice President, General Manager for GAP Global Outlet, and in 2015 she was named Global President of Banana Republic. Owen’s departure follows a […]

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Apparel retailer GAP reveals new virtual dressing app

GAP, the famous global fashion brand which also operates Banana Republic and Old Navy stores, has gone one step ahead and unveiled the new augmented reality app “DressingRoom” at the 2017 Consumer Electronics Show, Las Vegas, USA recently. This app would help consumers to try out GAP clothing without even stepping in the retail outlet as it’ll enable the wearer know about the fit and measurements of the clothes he/she will be purchasing on their […]

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GAP unveils December sales report

US-based apparel retailer, GAP Inc. has reported that its net sales were up 1 per cent in the months of November and December 2016 (holiday season) compared to last year. Its comparable sales stood at positive 2 per cent for the mentioned period as against previous year. “We’re pleased with the improved momentum we saw over the holiday season, driven primarily by a positive customer response at Gap and Old Navy. Based on these results, […]

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GAP reports rise in Irish profit

US apparel retailer, GAP has recently reported rise in its Irish arm – GAP Stores (Ireland) Ltd. Its pre-tax profits grew from Euro 831,194 (£ 706,525) to € 863,215 (£ 733,441). However, in the 12 months period ending on January 2016, GAP’s global sales dropped impacting revenues to cascade down slightly from Euro 11.63 million (£ 9.89 million) to Euro 11.59 million (£ 9.85 million). GAP opened its first store in Ireland in 2006, and […]

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