Gap Brand Sales Declined For 13 Consecutive Months, And Sales Remained Weak In May.

Gap Cape group released its weak May sales figures. Sales declined by 1% in the same store for the 13 consecutive month after being sold by the same brand Gap gupu shop in the four weeks before May 30, 2015.

Sales of the same store fell by 6%, while the Banana Republic Banana Republic fell 5%, while the Old Navy Old Navy same store sales increased by 6%.

In May, the revenue of Gap Inc. Cape group also declined by 1.6%, from 1 billion 270 million US dollars in the same period last year to 1 billion 250 million US dollars.

Sabrina Simmons, the chief financial officer of the group, is only satisfied with the performance of the Old Navy Old Navy, in order to comment on the overall performance and the Gap cap Pu brand.

Gap is making the whole group "the rear leg"

In the first quarter of May 2, 2015, according to the no fashion Chinese net data, Gap Inc. Cape Group recorded a record income of 3 billion 657 million US dollars, down 3.1% from 3 billion 774 million US dollars in the same period last year. Net profit recorded 239 million US dollars, down 8.1% from the same period last year, and earnings per share declined to 3.4% US dollars from the same period last year 0.58 US dollars.

Art Peck, who has just taken over the group's chief executive, has continued to be frank and unsatisfied with the first quarter performance of the group, but is not surprised by the poor performance of Gap, the same brand.

In the first quarter, Gap brand store sales declined 10% year-on-year, while Banana Republic Banana Republic fell 8%.

The decline of the Old Navy in April was offset by an increase of 14% in March, while the same store sales in the quarter increased by 3%.

Group sales in the same store decreased by 4% year-on-year.

It is noteworthy that in the first quarter of the year, Gap Inc. Cape group's online sales showed a rare decrease of 2.8% to 5.63 billion US dollars, compared with 575 million US dollars in the same period last year.

Gap Inc. Cape group reiterated its annual EPS forecast of US $2.75 US dollars in the Q1 earnings report, which basically met the analyst's expectations of US $2.78.