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Gap to open flagship in Italy
San Francisco -- Gap will open its first Italian flagship on Saturday in the Corso Vittorio Emanuele shopping district of Milan.
The company said that it also plans to open an additional Gap store in Rome next year and a Banana Republic store adjacent to its Milan location "in the near future." The Milan Gap store spans three floors and 25,500 sq. ft. and will offer all Gap clothing collections.
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Gap Q3 income falls 1%, sales up 2%
San Francisco -- Gap said its third-quarter net income fell 1% to $303 million for the period that ended Oct. 30. That compares with $307 million a year earlier.
Revenue rose 2% to $3.65 billion, boosted by increases in online and international sales. Same-store sales were flat.