Gap'S Brand Old Navy2014 Enters Philippines

< p > Gap. GAPP group announces its "a href=" //www.sjfzxm.com/news/index_c.asp "brand" /a "Old Navy, and the Old Navy will enter Philippines in 2014 in the form of franchising.

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< p > franchising is the Stores Specialists and Inc. of the Philippines retail group. The latter will open two Old Navy Old Navy brand stores in early 2014 to sell men's wear, a href= "//www.sjfzxm.com/news/index_f.asp" > ladies wear "/a", children's wear and accessories, and increase the number of stores before the end of the 2014 fiscal year.

The group is also a licensed retailer of Gap Inc. Cape group's brand Gap Gap and Banana Republic.

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< p > stationed in < a href= "//www.sjfzxm.com/news/index_p.asp" > Philippines < /a > is only part of the international expansion of Old Navy Old Navy in the Gap Inc. Cape group project.

In the two quarter earnings report released in late August, Gap Inc. (NYSE:GPS) Cape group announced that in the first half of next year, the old navy of Old Navy will be brought to the mainland market in China, and its expansion in Shanghai will begin. At the same time, the Old Navy Old Navy brand will also launch the Chinese e-commerce website at the same time - the first half of 2014.

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< p > at present, the Old Navy navy has more than 1000 stores in the United States, Canada and Japan.

The old navy of Old Navy showed strong growth power in the two quarter, surpassing Gap Cape ($1 billion 471 million) for the first time in sales (US $1 billion 540 million).

Compared to the internationalization of Gap, the sales of the Old Navy brand of Old Navy basically came from the North American market. Besides Japan, the Old Navy brand of Old Navy did not appear in the third markets. This is also one of the reasons why the old Old Navy brand with strong growth momentum rushing to enter the mainland market.

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< p > two quarter earnings report shows that Gap Inc. Cape group's earnings per share increased by 31% in the two quarter, which is a unique expression in the American department store and the retail industry.

Net sales grew by 8% to 3 billion 868 million dollars during the group period; net profit increased 25% to 303 million dollars; earnings per share grew 31% to 0.64 US dollars.

In the two quarter, Gap Inc. sales increased by 5% on the basis of sales.

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< p > by brand, in the two quarter, Gap sales increased by 6% to 1 billion 471 million US dollars, compared with 1 billion 404 million US dollars in the same period last year. The Old Navy Old Navy brand sales increased 6% to 1 billion 540 million US dollars in the two quarter, 1 billion 391 million US dollars in the same period last year; the performance of Banana Republic is not ideal, and the negative growth is 1% than that on the basis. The sales in the two quarter ended August 3rd were 686 million dollars, and the sales in the last quarter ended July 28th as the US dollar.

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By P, North America (Puerto Rico, Guam) is still the largest market of Gap Inc. Cape group, accounting for 79%, followed by 8% in Asia, 7% in Canada and 5% in Europe, and 1% in other regions.

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< p > Gap Inc. Cape group has raised its annual forecast from $2.52-2.60 per share to 2.57-2.65 US dollars.

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