Gap profits soar while Old Navy haemorrhages sales
Beleaguered US fashion group Gap has suffered a like-for-like sales dive in its first quarter, with chief executive Glenn Murphy describing the retail climate as “one of the toughest” in recent memory, despite profits soaring 40 per cent over the period.
Subscription content
Please sign in now if you have a subscription
Subscribe now for full access or register now to continue reading
Retail Week is the most trusted source of business intelligence for the retail industry. Subscribe now to enjoy:
- Unlimited access to Retail-Week.com
- Expert analysis and in-depth industry reports
- Exclusive newsletters and breaking news alerts
- Retail Week magazine
Discover Retail Week subscribe now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.