top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Gap 3q Profit Falls 36%

(Filed Under Financial and General Interest News). Gap Inc. reported that its third-quarter profits fell 36 percent as the company continues to close dozens of U.S. locations.

Gap earned $193 million, or 38 cents a share, compared with $303 million, or 48 cents a share, in the prior year’s period. Total sales decreased 1.8 percent to $3.58 billion from $3.65 billion, while revenue at stores open at least one year fell 5 percent, including online sales.

Gap Inc. announced it would cut its square footage in the United States by 10 percent by 2013, amounting to 189 U.S. store closures, while intending to double international revenue and continue opening locations overseas. The company also announced plans to repurchase up to $500 million worth of its shares. Year to date, the company has repurchased about 107 million shares for $2 billion.

San Francisco-based Gap Inc. is a global retailer offering specialty apparel and accessories under the Gap, Banana Republic, Old Navy, Piperlime and Athleta brands.

more Financial and General Interest News >>

Published 11-22-2011 by Katherine Rautenberg

Related Articles

Model Collaborates with GapBody on Collection
Gap Inc. Opens Hong Kong Flagship
Gap 3q Profit Falls 36%
Gap Inc. to Shutter U.S. Stores
Gap Inc. Plans Openings in Latin America
Gap Expands to Asia Pacific Market
Gap 2q Net Sales Up 2%
Gap Inc. Opens Flagship Store in Rome
Gap Inc. Expands With Athleta
Gap Wins Trademark Battle

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow