Headlines

Gap Sales Down for November

Worse than analysts anticipated

Published

8 years ago

December 7, 2015

Gap (San Francisco) released its performance results during the month of November, which included declines in sales for all three of its brands: Gap, Old Navy and Banana Republic.

Total sales for the month declined a total of 9 percent to $1.57 billion. Accounting for a constant currency, the company saw an 8 percent drop in sales at established stores, which is worse than the 6.3 percent drop analysts had expected.

Sales at Gap dropped 4 percent; Old Navy’s were down 9 percent; and Banana Republic’s sales declined by 19 percent, reports Fox Business.

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