By continuing to use the site you agree to our Privacy & Cookies policy

Your browser seems to have cookies disabled. For the best experience of this website, please enable cookies in your browser.

Close

Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Close

Gap earnings rise but sales fall

Gap saw fourth quarter comparable sales fall 4% at its international stores, which includes its UK shops.

Total international sales fell slightly to $505 million (£355.6m) over the fourth quarter.

Comparable international sales were also down 4% for the full year ended January 31 but total sales rose to $1.7 (£1.19bn) billion versus $1.6bn (£1.12bn) the previous year.

Gap as a whole saw net earnings rise 16% to $967 million (£681.4m) over the year but net sales fell back to $14.5bn (£10.2bn) against $15.8bn (£11.1bn) the previous year.

Gap chairman and chief executive Glenn Murphy said: “Our ability to drive healthy margins and achieve significant cost savings helped us deliver earnings growth of 16% over the course of a very challenging year.”

 

Have your say

You must sign in to make a comment.

Related Jobs

Sign in to see the latest jobs relevant to you!

Digital Editions

Drapers Archive

View digital editions of Drapers magazine

More

Next Generation

NextGeneration

A talent nurturing initiative for those in the early stages of their career

More