×
79 324
Fashion Jobs
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Deer Park Outlet
Permanent · Deer Park
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Short Hills
Permanent · Millburn
ULTA BEAUTY, INC.
General Manager
Permanent · Buena Park
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Lake Stevens
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Battle Creek
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Gambrills
URBN
Urban Outfitters, Inc. Operations Manager
Permanent · RENO
URBN
Free People Assistant Visual Manager
Permanent · OAK BROOK
ESTEE LAUDER
2nd Shift Order Handler $1500 Sign-on Bonus
Permanent · Bristol
NORDSTROM
Retail Stock & Fulfillment - Beachwood Place
Permanent · Beachwood
NORDSTROM
Assistant General Manager- Bazille- Cherry Creek Shopping Center
Permanent · Denver
NORDSTROM
Asset Protection - Agent - Cherry Creek Shopping Center
Permanent · Denver
GAP
General Manager - Suburban Square
Permanent · Ardmore
GAP
Asset Protection Service Representative - Broadway & Maiden
Permanent · New York
GAP
Asset Protection Coordinator - Sawgrass Mills
Permanent · Sunrise
MACY'S
Asset Protection Detective, Parks at Arlington - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Southcenter - Standard Part Time
Permanent · Seattle
MACY'S
Asset Protection Detective, Shoppes at Buckland Hills - Standard Part Time
Permanent · Hartford
MACY'S
Asset Protection Detective, Glenbrook Square Mall - Standard Part Time
Permanent · Fort Wayne
MACY'S
Asset Protection Security Guard, Los Angeles dt Broadway Plaza - Standard Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Manassas - Full Time
Permanent · Manassas
MACY'S
Buyer
Permanent · New York
By
Reuters
Published
Mar 4, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gap projects return to growth with Old Navy and Athleta's help

By
Reuters
Published
Mar 4, 2021

​Apparel retailer Gap Inc on Thursday forecast a return to sales growth this year, as it expects the roll-out of vaccines to drive traffic at its Old Navy and Athleta stores.


Gap Inc


The San Francisco-based company’s shares rose about 2% after the closing bell as fourth-quarter profit beat Wall Street expectations.

Demand for Gap jeans and Banana Republic’s floral shirts have declined due to coronavirus-led restrictions, but affordable clothing at Old Navy and comfortable womenswear at Athleta have became stay-at-home favorites.

At Old Navy, sales rose 5% in the fourth quarter and at Athleta, they surged 29%.

The company now plans to open 30 to 40 Old Navy stores and 20 to 30 Athleta stores and close about 100 Gap and Banana Republic stores globally in fiscal 2021.

As online sales surge, Gap spent $140 million to beef up its network of distribution centers.

The company expects the first half of 2021 to continue to be impacted by the pandemic and to return to a more normalized, pre-pandemic sales level in the back half of the year.

Fiscal year 2021 net sales is expected to reflect mid- to high-teens growth, and Gap forecast earnings to be in the range of $1.20 per share to $1.35 per share.

On a per share basis, Gap earned 28 cents per share, 10 cents more than expectations, according to IBES data from Refinitiv.

However, net sales fell about 5% to $4.42 billion in the fourth quarter, missing estimates of $4.66 billion, hurt by weakness at its namesake brand and Banana Republic.

© Thomson Reuters 2022 All rights reserved.