Home > Old Navy Is One Of The Most Successful Stores In Retail Right Now, But Gap Struggles

Business
Old Navy Is One Of The Most Successful Stores In Retail Right Now, But Gap Struggles

Description

Tuesday's earnings results were bittersweet for Gap Inc., the parent company of Gap, Old Navy, Banana Republic, and Athleta. The company has watched its namesake brand increasingly fall out of favor and be outshined by its sister brands. During the third quarter, same-store sales at the Gap brand were down 7%, while Old Navy and Banana Republic reported a 4% and 2% increase, respectively. CEO Art Peck said during the earnings call that the company is now looking to close hundreds of Gap stores, including flagship locations. Meanwhile, Old Navy, its low-cost sister brand that has a cult following of price-conscious shoppers, is growing exponentially.

Added on the 21/11/2018 11:09:40 - Copyright : Wochit

To customise your video :

Log in Or Create an account

Generic export code

More videos on the subject

Macy's To Shutter 45 Stores In 2021

Macy's department stores will be closing 45 stores across the U.S. The retail giant said the closures are part of a plan to close one-fifth of their stores by 2023. According to Business Insider, Macy's also announced that it would cut 2,000 corporate jobs. Liquidation sales have already begun at some locations, while others will begin by the end of the month. Macy's said they will release a list of locations on Wednesday that will be closing this year.

06/01/2021 - Wochit
Apple Temporarily Closes U.K. Stores

05/01/2021 - Wochit
Apple Closing Stores Again Due To COVID

26/12/2020 - Wochit
Best Games For New Xbox Owners

25/12/2020 - Wochit
Microsoft Looking Beyond Console Wars

15/11/2020 - Wochit
Xbox Series X Having Disc Drive Issues

12/11/2020 - Wochit

More videosBusiness

Watch video of Le Monde Pourrait Dépenser 157 Milliards De Dollars Pour Le Vaccin D'ici 2025. - Le monde pourrait dépenser 157 milliards de dollars pour le vaccin d'ici 2025. - Label : Sudinfo -

Business

Le monde pourrait dépenser 157 milliards de...

04/05/2021 10:01:12

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High. But, As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -

Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -

Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34

Ultimedia is a video platform reference for journalists, content editors, webmasters and video managers.

Ultimedia legally offers a 1,000,000+ premium video catalogue at no cost. Our videos come from thousands of video producers such as AFP, INA, Universal, Warner, Sony, Fashion TV, People Inside, Splash News, France 24, BFM, M6, Euronews, RMC Sport, Sport 21, and more.

With Ultimedia, you can manually copy a video code on to your webpage.

Thanks to our platform, you can automatically enhance all of your articles with relevant contextualized videos.

Our Smart Widget analyzes the content of your pages in real-time and pushes the videos related to your topic in less than one second.

More than 400 European websites already use the Ultimedia video solution!

You can benefit from a 100% customizable and 100% clean player.

Ultimedia automatically integrates instream video ads that generate new and substantial revenue quickly!

DIGITEKA, the leader of online premium video distribution!

| Support : Technical - Content - Editors