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195
Fashion Jobs
3FATE TECHNOLOGIES PVT LTD
Production Manager-Garment Manufacturing- Saree, Salwar Suit & Lehenga
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EXPLODE SERVICES
Quality Assurance Manager Home Furnishing Garments For Noida
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EXPLODE SERVICES
Manager ie Garment Exports
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THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
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OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
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GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
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NIKE
Senior Security Incident Responder – Cis
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FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
By
Reuters
Published
Nov 17, 2016
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Gap posts seventh straight quarterly sales decline

By
Reuters
Published
Nov 17, 2016

Apparel chain Gap Inc reported its seventh straight quarterly sales decline as demand for its Gap and Banana Republic brands remained sluggish.


Gap Inc. revenues were affected by poor comparable sales across Gap and Old Navy brands - Gap Inc.


The company's net income fell to $204 million, or 51 cents per share, in the third quarter ended Oct. 29 from $248 million, or 61 cents per share, a year earlier.

Gap said same-store sales fell 3 percent in the quarter, in line with analysts' estimate, according to Consensus Metrix. By brand, same-store sales at Gap and Banana Republic slumped 8 percent, while, Old Navy reported a 3 percent increase in same-store sales.

Net sales fell to $3.80 billion from $3.86 billion.

CEO Art Peck said, "I'm pleased to see improved product across our brands, as well as areas of healthier merchandise margins, even against the backdrop of challenging traffic trends during the quarter."

Looking forward to full year 2016, Gap continues to expects adjusted earnings of $1.87 to $1.92 per share. 

GPS closed Thursday's trading at $30.71, up $0.28 or 0.92% on the NYSE. The stock, however, dropped $1.51 or 4.92% in the after-hours trade.

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