Friday, August 24, 2018

Old Navy does the heavy lifting for Gap in Q2

Chain Store Age
Gap Inc. sales rose 8% to $4.1 billion in the period ended August 5, better than the $4 billion analysts had expected.

Same-store sales increased 2%, marking the company’s seventh-consecutive quarter of positive comp growth. By brand, same-store sales rose 5% at Old Navy and 2% at Banana Republic. Same-store sales fell 5% at Gap, almost double what analysts had expected. . . . more