Gap and its family of brands, including Athleta, Banana Republic and others, sold $130 million worth of masks in its most recently completed quarter as wearing a face covering to stop the spread of coronavirus became an essential part of everyday life. Its CEO Sonia Syngal said on the company’s […]
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WASHINGTON — President Donald Trump took in $165 million for his reelection effort in the month of July, a sum that surpasses what his Democratic rival, Joe Biden, raised during the same period. But a massive cash-on-hand advantage that once gave the Republican a significant competitive edge has largely been […]
President Donald Trump’s campaign and the Republican National Committee bested presumptive Democratic nominee Joe Biden and his party’s national committee’s fundraising haul in July, but the money gap between the two camps has essentially closed. Trump’s campaign and the RNC announced on Wednesday night that their joint fundraising committees raised […]
“Gap (GPS) is benefiting from the shift in consumer demand toward comfort and casual and impressively increasing its online sales penetration across brands. We believe Old Navy’s authority in the value space and Athleta’s compelling brand positioning in athleisure are resonating with consumers in the current environment and should serve […]
Here’s what you need to know: Strong sales of pandemic-friendly clothing from Athleta helped lift earnings for Gap Inc.Credit…Benjamin Lowy for The New York Times For a glimpse into how America has been dressing this summer, look no further than Gap Inc. Its only brand to post a sales increase […]
Gap, which owns brands including Banana Republic, Old Navy and Athleta, reported earning $130 million in face mask sales alone last quarter. © Justin Sullivan/Getty Images A pedestrian walks by a GAP store on Aug. 18, 2020, in San Francisco. The company said it sold face masks to both consumers […]
The NPD Group chief retail analyst Marshal Cohen on how retailers are being impacted by the coronavirus, specifically missing out on the back-to-school shopping season, which used to be the second-biggest retail period of the year for many brands. Apparel retailer Gap Inc reported a 13% rise in quarterly comparable […]
(Bloomberg) — Gap Inc. tempered the pace of its sales decline in the second quarter, outpacing analysts’ estimates by picking up e-commerce customers. Load Error Sales for the period, which ended Aug. 1, fell 18% from a year earlier to $3.3 billion, higher than analysts’ projection of $2.9 billion. The […]
FILE PHOTO: A Gap Inc. retail store is shown in La Jolla, California, U.S., May 17, 2017. REUTERS/Mike Blake (Reuters) – Apparel retailer Gap Inc (GPS.N) reported a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home due to the COVID-19 pandemic bought more of […]