×
74 043
Fashion Jobs
THE REALREAL
Sales Account Manager (Account Luxury Manager)
Permanent · Los Angeles
HOMEGOODS
Loss Prevention Customer Service Associate
Permanent · Plymouth
HOMEGOODS
Loss Prevention Detective
Permanent · Edina
TJ MAXX
Retail Store Cleaning Part Time
Permanent · Corvallis
HOMEGOODS
Loss Prevention Associate- Full Time
Permanent · Worcester
AMERICAN EAGLE OUTFITTERS
Specialist - Commercial Asset Protection - us
Permanent · ELIZABETH
MONCLER
Raw Material Purchasing
Permanent ·
MONCLER
HR Analyst
Permanent ·
ROSS
Store Protection Specialist
Permanent · Los Angeles
ROSS
Store Protection Specialist
Permanent · Villa Park
FOOT LOCKER
sr. Director Marketing, Foot Locker North America
Permanent · New York
JCPENNEY
Asset Protection Associate - Auburn Mall
Permanent · Auburn
JCPENNEY
Asset Protection Associate - South Hill Mall
Permanent · Puyallup
JCPENNEY
Asset Protection Associate - Wheaton Plaza
Permanent · Wheaton-Glenmont
JCPENNEY
Asset Protection Associate - Woodland Shopg Cntr
Permanent · Grand Rapids
JCPENNEY
Asset Protection Associate - The Empire Mall
Permanent · Sioux Falls
JCPENNEY
Sales Floor Supervisor - Woodland Hills Mall
Permanent · Tulsa
JCPENNEY
Asset Protection Associate - Oak Park Shopg Cntr
Permanent · Overland Park
JCPENNEY
Asset Protection Associate - Parkway Plaza
Permanent · El Cajon
JCPENNEY
Sales Floor Supervisor - Coronado Center
Permanent · Albuquerque
JCPENNEY
Asset Protection Associate - West County Ctr
Permanent · Des Peres
JCPENNEY
Asset Protection Associate - Wellington Green s/c
Permanent · Wellington
Published
Oct 7, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gap's same store sales down after distribution center set ablaze last month

Published
Oct 7, 2016

Gap reported a drop in comparable sales in September for its namesake label and Banana Republic, while Old Navy increased 4%. An intentional fire set at Gap’s Fishkill distribution center negatively impacted the company’s sales and increased logistics costs.



 
Gap global and Banana Republic comparable sales fell 10% and 9%, respectively, and the company’s comparable sales as a whole fell 3% compared to a 1% decrease in the prior September.
 
Net sales decreased 2% to $1.43 billion from $1.46 billion in the prior year.

As a result of the fire, Gap expects a negative impact of 3 percentage points for its October 2016 comparable sales and a negative impact to comparable sales results in the fourth quarter of 2016.
 
In September, the New York State Police said that the fire that broke out at Gap’s Fishkill distribution center in August was “incendiary in nature” meaning intentionally set. The fire came a few days before the company released its August sales report, which included positive results from Old Navy and a continued poor performance from Gap and Banana Republic.
 
Sabrina Simmons, Chief Financial Officer, Gap Inc., said that the company is pleased with Old Navy’s continued positive performance. "While we remain focused on performance across the portfolio, we are pleased to see a strong customer response to Old Navy’s product assortment, which continues to drive positive momentum at our largest brand.”

In addition, Gap in October announced a partnership with Arvind Group for fashion portal NNNow.com to sell Gap products online exclusively in India. 

Copyright © 2023 FashionNetwork.com All rights reserved.