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In addition, for the month, the company's Old Navy stores showed some improvement. The data shows the Old Navy's comps rose a healthy 6%, even though it ...
Canada Net sales fell 8% to $3.1 billion,on an overall same-store sales decline of 8% that consisted of double-digit declines at the North American Gap and Banana Republic stores. Comps at Old Navy North America held up relatively well, falling only 3% after ...
Canada However, an overly promotional environment can be just as detrimental, to which Gap (NYSE:GPS) can attest. Gap's Old Navy brand became a victim of a botched merchandise focus and a subsequent inventory glut that had to be marked down in order to move ...
Canada In February, Gap's comp store sales at Gap North America were off 12%. Meanwhile, its Banana Republic North America comps were off 16%, and its Old Navy North American comps were down 13%. (Read how to use these numbers to in Using Consumer Spending As ...
Canada Few companies reported positive same store sales in February, including Gap. It delivered negative 12% same store sales across all of its brands, with the worst being Banana Republic North America, which was off 16% for the month. ...
Canada While mainstream retailers from department stores like Macy's (NYSE:MCY) to clothing stores like the Gap (NYSE:GPS) are finding customers hard to come by, the discount retailers like Big Lots are doing better, and they're not the only ones. ...