Gap brand

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Gap has reported net sales of $3.28 billion in Q1 FY23, a-6 per cent YoY drop, affected by a 4-per cent decrease in store sales and a 9-per cent dip in online sales. Despite an operating loss of $10 million, the adjusted gross margin grew by 570 basis points to 37.2 per cent. Brands Old Navy, Gap, Banana Republic, and Athleta all experienced declining sales. Gap Store, Gap Brand, Sale Store, Gap Kids, Global Brands, Previous Year, Online Sales, Clothing Company, Traditional Techniques

Gap has reported net sales of $3.28 billion in Q1 FY23, a-6 per cent YoY drop, affected by a 4-per cent decrease in store sales and a 9-per cent dip in online sales. Despite an operating loss of $10 million, the adjusted gross margin grew by 570 basis points to 37.2 per cent. Brands Old Navy, Gap, Banana Republic, and Athleta all experienced declining sales.

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