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Old Navy, LLC

  • Old Navy sales boost Gap Inc. in Q4

    Old Navy navigated a big wave of sales during the holidays as Gap Inc. continued to try to revive its namesake Gap brand, with lackluster results.

    The apparel retailing company reported that for the fourth quarter, same-store sales rose 11% and total sales rose 12% at Old Navy; company wide at Gap Inc, same store sales rose only 2%.

  • Gap Q4 tops estimates as Old Navy, online surges; 20 Athleta stores on tap

    San Francisco -- Gap Inc. reported stronger-than-expected fourth-quarter results on Thursday, fueled by surging sales at Old Navy and strong online results. But it offered a disappointing profit outlook for 2015 as it feels the impact of the stronger U.S. dollar and West Coast port delays.

  • Uptown Village at Cedar Hill to undergo multi-million-dollar renovation

    Cedar Hill, Texas -- Trademark Property Co., the operating partner for Uptown Village at Cedar Hill, has announced a multi-million dollar renovation of the 610,000-sq.-ft. shopping center in Cedar Hill, Texas; the redo includes a re-brand, enhanced entrances, upgraded landscaping, common area improvements, a new children’s play area, new amenities for adults and children, and new signage throughout the property.

    In addition, Trademark is working with several prospective junior anchors to add to the merchandising mix.
     

  • Gap's Q4 sales lead to better profit outlook

    Gap Inc. is raising its profit guidance based on its fourth-quarter sales and reduced taxes.

    The retailer says it expects to report a profit of $2.86 to $2.87 per share for the year, up from its previous estimate of $2.73 to $2.78 per share. Analysts expected $2.74 per share on average.

    The San Francisco company says its total fourth-quarter sales grew 3% to $4.71 billion compared with $4.58 billion for the fourth quarter last year.

  • Gap raises 2014 income on positive Q4

    San Francisco -- Gap Inc. raised its annual profit guidance based on its fourth-quarter sales and reduced taxes. The retailer expects to report a profit of $2.86 to $2.87 per share for the year, up from its previous estimate of $2.73 to $2.78 per share.

    Gap reported that its net sales increased 3% for the quarter, to $4.71 billion compared with $4.58 billion for the fourth quarter last year. Same-store sales rose 2%.

  • Gap Inc. sours on Piperlime e-commerce project

    At a time when omnichannel retailing is more important than ever for retailers, Gap Inc. is shutting down one of its digital brands.

    Gap Inc. said it is dropping its Piperlime channel so the apparel maker and retailer can focus on fixing the problems plaguing the Gap and Banana Republic brands.

  • Consumers’ favorite fashion retailer is…

    Louisville, Colo. -- Nordstrom ranked as consumers’ favorite fashion retailer for the third consecutive year, followed by Kohl’s, T.J. Maxx, Macy’s and Dillard’s. That’s according to a study by Market Force Information, a provider of customer intelligence solutions.

  • Old Navy floats Gap's boat

    Surging sales at Old Navy helped parent company Gap Inc. post an increase in same store sales for November and December.

    Gap’s same store sales for the November and December holiday shopping season increased 3%.

    For December alone, the figure rose 1%, slightly above Wall Street estimates for a 0.7% increase, according to Thomson Reuters.

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