Gap store

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Gap has reported net sales of $3.28 billion in Q1 FY23, a-6 per cent YoY drop, affected by a 4-per cent decrease in store sales and a 9-per cent dip in online sales. Despite an operating loss of $10 million, the adjusted gross margin grew by 570 basis points to 37.2 per cent. Brands Old Navy, Gap, Banana Republic, and Athleta all experienced declining sales. Gap Store, Gap Brand, Sale Store, Gap Kids, Global Brands, Previous Year, Online Sales, Clothing Company, Traditional Techniques

Gap has reported net sales of $3.28 billion in Q1 FY23, a-6 per cent YoY drop, affected by a 4-per cent decrease in store sales and a 9-per cent dip in online sales. Despite an operating loss of $10 million, the adjusted gross margin grew by 570 basis points to 37.2 per cent. Brands Old Navy, Gap, Banana Republic, and Athleta all experienced declining sales.

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Reliance Retail Limited has entered into a long-term partnership with Gap to bring the US fashion brand to India. Through the franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India. It will bring Gap’s shopping experience to customers in India, offering the brand’s fashion for men, women & kids. Gap Store, Reliance Retail, Professional Soccer Player, Digital Ecosystem, Technology Lab, Gap Logo, Us Fashion, Professional Soccer, Business Portfolio

Reliance Retail Limited has entered into a long-term partnership with Gap to bring the US fashion brand to India. Through the franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India. It will bring Gap’s shopping experience to customers in India, offering the brand’s fashion for men, women & kids.

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