US Apparel Retail Giant Gap Fourth Profit Fell 40%
According to foreign reports, the largest U.S.
clothing
Retailer Gap Inc announced on Thursday that profits in the fourth quarter fell 40% year-on-year, mainly due to rising operating costs on the one hand and large discounts for consumers during holidays.
In the fourth quarter of January 28th, Gap realized a profit of $218 million, or 44 cents per share, less than $365 million in the same period last year, and 60 cents per share, but it exceeded analysts' expectations of 42 cents per share.
The company's sales in the last quarter dropped from $4 billion 360 million last year to $4 billion 280 million.
Gap's store sales for at least one year fell by 4%.
From all sectors, Gap's revenues in North America declined by 3%, Banana Republic's us home.
Sale
The amount is basically flat, Old Navy revenue in North America declined by 6%, while its international business revenue also declined by 8%.
Gap announced yesterday that the board has approved a $1 billion deal.
shares
The buyback plan has passed the decision to raise the annual dividend by 11%, from 45 cents per share in fiscal year 2011 to 50 cents.
- Related reading
The Egyptian Government Has Imposed New Regulations On The Import Of Footwear And Clothing.
|In 2011, The United States Imported Textile Products From China And Reduced Prices.
|- Popular this season | Ladies' Style, Winter Wear, Winter Wear, Gentleness.
- Collocation | Youth, Vitality, Beauty, Collocation, Showing A Sense Of Liveliness And Temperament.
- policies and regulations | Wang Tiankai Analysis Of The Eighteen Major Impact On The Textile Industry
- Chamber of Commerce | Chicago Labor Insurance Exhibition: The First Leading Group Of Shandong Leather Association Participated In The Exhibition
- policies and regulations | Jinjiang'S Revised Regulations: The Highest Prize For Environmental Pollution Reporting Is 5000 Yuan.
- Industry perspective | Retail Industry Has Undergone Pformation Pains, Opportunities And Challenges.
- Global Perspective | 英國(guó)皇家倫敦女市長(zhǎng)巡游 奢侈品牌PLD首個(gè)受邀
- Fashion posters | British Fashion Awards Unveiled Best After Moss
- Professional market | The Overall Quality Of Seed Cotton In Shanxi Has Declined, And Cotton Growers Have Encountered The Problem Of "Selling Cotton Is Difficult".
- Fashion posters | 《爸爸去哪兒》胡歌VS林志穎張亮 親子裝PK戰(zhàn)
- Domestic Sports Brand Crisis &Nbsp; &Nbsp; Gamble Gambling Overseas Market.
- "North Reform" Boosts The Upgrading Of Garment Industry &Nbsp; Huamao Will Change The Industry'S "Play".
- Seven Men'S Clothing "Love In Fenghua" Clothing Conference Held Ceremoniously
- Gucci&Nbsp; Modern Romanticism 2012 Autumn And Winter Series
- Wenzhou Garment Development Building Will Be Put Into Operation Next Year.
- 2012 New York Fashion Week PK
- The State Office Announced The Announcement Of Household Registration Reform &Nbsp After A Year, And The First Release Of Prefecture Level Cities.
- Infringement Cases Cover Jordan Sports Listed Road Claims Or Tens Of Millions Of RMB
- 嗒嘀嗒童裝構(gòu)建高品質(zhì)的方式
- The Land Revenue In China Has Been Nearly 13 &Nbsp For Nearly 13 Trillion Years.