- Prachi Singh |
November 2015 net sales at Gap decreased 9 percent compared with a 6 percent increase last year. On a constant currency basis, November 2015 net sales decreased 8 percent compared with last year.
Net sales for the four-week period ended November 28, 2015 were 1.57 billion dollars compared with 1.72 billion dollars for the four-week period ended November 29, 2014.
“With much of the holiday season still ahead, our teams remain focused on strong execution and delivering compelling experiences for customers across our brands,” said Sabrina Simmons, chief financial officer, Gap.
Comparable sales for November 2015 were down 8 percent versus a 6 percent increase last year. Comparable sales at Gap Global were negative 4 percent versus negative 4 percent last year, Banana Republic Global, negative 19 percent versus positive 2 percent last year and at Old Navy Global: negative 9 percent versus positive 18 percent last year.