Friday, March 2, 2018

Gap Inc grows beyond Old Navy, same-store sales cruise past estimates

Image result for old navy storeGap Inc’s dependence on its low-end Old Navy line of clothing lessened in the holiday quarter as the apparel retailer managed to better its sales of other brands, helping the company’s same-store sales blow past Wall Street estimates.

Gap’s plan to spend more to bring new styles quicker to stores and improve its online offerings in a bid to drive traffic and fend off competition from fast-fashion chains such as H&M and Forever 21 is paying off. . . . more

No comments: