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Posts Tagged Gap
Gap posts 51% increase in profit
by Meghan Hart
Reports of Gap’s early demise may have been exaggerated. The no. 1 clothing retailer in the US posted a 51% increase in profit on tighter cost controls and inventory management. Amid all the success there were some ominous signs. ...
August 22nd, 2008
Zara Overtakes Gap to Become Top Fashion Retailer
by Meghan Hart
Zara has become the Number 1 retailer in the world overcoming perennial leader Gap. The Spain based retailer’s parent company Inditex known for it’s fast fashion has seen a 9% increase in sales to €2.22bn (£1.7bn) in the first quarter of the financial year. ...
August 12th, 2008