Gap Inc’s net sales for 2015 declined 4% mainly driven by a fall in Gap and Banana Republic revenue. The sales decline for these brands can be attributed to domestic and international store closures and a fall in comparable sales owing to weak customer response. Revenues for the “other” segment, which includes Athleta and Intermix, also fell a little due to the closure of the Piperlime brand. However, the decline was partially offset by a marginal increase in Old Navy’s revenues coming f...
Gap Inc’s net sales for 2015 declined 4% mainly driven by a fall in Gap and Banana Republic revenue. The sales decline for these brands can be attributed to domestic and international store closures and a fall in comparable sales owing to weak customer response. Revenues for the “other” segment, which includes Athleta and Intermix, also fell a little due to the closure of the Piperlime brand. However, the decline was partially offset by a marginal increase in Old Navy’s revenues coming f...
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