×
77 056
Fashion Jobs
OLD NAVY
General Manager - Liberty Center
Permanent · Liberty Township
NIKE
Manager, Vendor Management Office – Global Tech
Permanent · Beaverton
NIKE
Marketplace Operations Business Analyst
Permanent · Beaverton
NIKE
Senior Product Line Manager - Men’s Classics Footwear
Permanent · Beaverton
JCPENNEY
Asset Protection Security Specialist
Permanent · Plano
JCPENNEY
Asset Protection Specialist
Permanent · Plano
LULULEMON
Keyleader/Store Business Lead | Sawgrass Mills Outlet
Permanent · Sunrise
TAPESTRY
Area Manager
Permanent · Columbus
TAPESTRY
Manager, Human Resources
Permanent · New York
MICHAEL KORS STORES CALIFORNIA INC
Operations Manager
Permanent · Ontario
ESTÉE LAUDER
Senior Lead, Business Analyst, R&D Innovation & Planning
Permanent · New York
ESTÉE LAUDER
Director, Global Digital Creative Design
Permanent · New York
ABERCROMBIE AND FITCH CO.
sr. Procurement Analyst, Supply Chain
Permanent · Columbus
CENTRIC BRANDS
Account Executive - Ecommerce
Permanent · New York
ADIDAS
Manager, Gbs Payroll
Permanent · Portland
ADIDAS
sr. Manager, Gbs Payroll
Permanent · Portland
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Tulsa
KOHLS
Senior Business Operations Analyst - HR
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Fargo
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Hodgkins
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Cartersville
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Wheaton
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 © 2022 FashionNetwork.com All rights reserved.