Gap Inc. reported weak sales across its brands with shares taking a dive on Tuesday. Sales dropped 7.4% to $1.12 billion in April, versus $1.21 billion last year. Sales for the first quarter also declined to $3.44 billion compared to $3.66 billion one year ago. The company’s shares...
Weekly News Roundup : June 15 – June 19
From Coco Rocha signing with IMG models to Gisele Bundchen’s sizzling Stuart Weitzman Campaign. Here’s your Week in brief. Katy Perry Katy Perry took to Instagram to debut the full campaign of herself as the face of Moschino. Gap Inc The apparel retailer, announced plans to shut...
Gap To Close Stores,Cut Jobs In Hopes For A Turnaround
All American brand Gap Inc, announced plans to shut nearly a fifth of its namesake stores (175 of its 675 Gap stores) in the US, as the company struggles with a slump in sales. In addition it would also be shutting a “limited number” of its European stores. The retailer also...
Gap’s Sales Slip, Reshuffles Management
All-American brand GAP Inc saw its sales falling below its expectations. The San Francisco-based apparel retailer said total sales for October fell 9%, to $1 billion compared to $1.1 billion in October 2000. Sales at stores open at least a year plunged 17%, with steep declines at each of its...
Bar Rafaeli Gap Fit Model
Bar Refaeli is the face of Gap Fit’s new ad campaign for Spring 2012 called “For Life As You Live It.” Gap calls the collection the perfect fit for everybody. The 26-year old Israeli model will also star in the campaign for French underwear line Passionata with Josh Duhamel....
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