Consumers expect fashion retailers to meet their preferences as they evolve, Gap noted on its latest earnings call, with the rise of eCommerce speeding up the trend cycle and demanding that brands become more agile. On a call with analysts Thursday (May 30) discussing Gap...
In today’s top retail news, Gap says supply chain issues will likely persist into early next year, while Afterpay is preparing to launch a subscription service for recurring purchases in early 2022. Also, Best Buy is adding to its selection of outdoor furniture with the...
Supply chain constraints battered Gap Inc. in the third quarter, leading the apparel company to revise its projections for the fourth quarter as executives expect bottlenecks to persist into 2022. Despite this, executives say they’re confident that the company’s portfolio of brands will help carry...
Gap Inc. reported as part of its fourth-quarter and fiscal year 2020 results that pandemic-required store closures in global markets and softer store traffic in some U.S. regions with stay-at-home limitations impacted sales in the fourth quarter. However, the company reported that online sales jumped...
March 05, 2021
Gap Inc. reported as part of its fourth-quarter and fiscal year 2020 results that pandemic-required store closures in global markets and softer store traffic in some U.S. regions with stay-at-home limitations impacted sales in the fourth quarter. However, the company reported that online sales jumped by 49 percent in contrast with last year. Online comprised […]
June 05, 2020
With pandemic-related store closures driving a 43 percent year-over-year decline in sales, Gap Inc. reported a 13 percent year-over-year rise in Q1 eCommerce sales and 100 percent year-over-year sales growth...
May 06, 2020
Retail must, and will, change following the coronavirus, with consumer behavior shifting from brick-and-mortar to eCommerce and merchants making adjustments to their inventory selections and safety measures. Gap Inc., in...
November 22, 2019
In the wake of the departure of former CEO Art Peck amid sluggish sales, Gap Inc. reported that fiscal year 2019 comparable sales were down 4 percent versus flat last year. Gap Global’s same-store sales...
