Gap To Replace 200 Underperforming Stores With Old Navy And Athleta Locations
10 September, 2017, 15:37 | Author: Rita Burton
Over the coming years, the firm anticipates Old Navy to exceed $10, whereas, Athleta to exceed $1 bn in net sales powered by the growth in online and mobile channels.
When Gap reported second-quarter earnings on August 17, the NY retailer revealed that Old Navy same-store sales were up 5% year over year, while Gap sales fell 1% and Banana Republic sales dropped 5%.
As it closes "underperforming" Gap and Banana Republic locations, the company said it expects to open about 270 new Old Navy and Athleta stores.
Lower-priced Old Navy has been a bright spot for the clothing retailer, posting rising revenue even as sales fell at the Gap and Banana Republic brands.
The company also plans to streamline operations, which is estimated to eventually save $500 million annually.
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Students were evacuated Thursday morning, and the campus will be closed Friday, the report added. Florida isn't the only state preparing for Hurricane Irma .
Closing the Gap took on new meaning Wednesday.
Athleta, a chain of women's sports apparel stores owned by Gap Inc., is opening its first Arkansas location at The Promenade at Chenal, a representative of the west Little Rock shopping center confirms.
And, the company said it will concentrate its expansion in the channels where customers are shopping - namely online and value. The company has also been expanding its online services to meet the demands of its customers, including an option that allows shoppers to reserve an item online and pick it up at a store.
Shares of Gap rose nearly 6 percent to $25.39 in midday trading.
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It's really fun to be where I am. "Royce and Charles have to be 10-year players in that program from what I remember", Riley said. Try as you might, you aren't going to find many game ball recipients as deserving as these three fearless children.
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In doing so by playing against better teams, there is every reason to expect the U.S. will be made to be a better team as well. Overall passing accuracy was at 81%, and 65% in the final third. "We'll bounce back, forget about it and move forward".
For those not looking to temporarily and permanently adopt a dog, it's also possible to give back through donations. Once rescued, some family pets were taken hundreds of miles away and never returned to their owners, Archer said.
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