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No sign of any turnaround for the Gap
The turnaround at Gap Inc. is still struggling to get off the ground, if the retailers' latest round of financial results are any indication.
Gap reported that net sales for the four-week period ended Aug. 1 were $1.12 billion compared with net sales of $1.17 billion for the four-week period ended Aug. 2, 2014. For the second quarter of fiscal 2015, Gap Inc.’s net sales decreased 2% to $3.90 billion compared with $3.98 billion for the second quarter last year.
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Why Costco should have a fear of France
Lost jobs, ugly architecture, picky consumers and stiff competition are among the reasons why Costco may have a tough time achieving success in France, according to a Seattle Times report.
The newspaper says the Washington-based retailer is building its first warehouse in France and envisions opening as many as 15 stores in that nation over the next 10 years. But whether Costco will succeed in attracting the French consumer is an important question.
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