Home > Gap Will Continue Big Discounts In 2019

Business
Gap Will Continue Big Discounts In 2019

Description

Discounts have become a mainstay at Gap. It's increasingly becoming unusual to pay full price for anything at the Gap. In Gap Inc.'s most recent earnings statement, it reported that same-store sales for its namesake brand were down 7%. Its sister brands Old Navy and Banana Republic reported a 4% and 2% increase, respectively. Business Insider reports Group CEO Art Peck is disappointed with the results. Peck said that Gap continued to feel the impact of "operational missteps in the business," which led to heavy discounting.

Added on the 04/01/2019 12:30:16 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

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