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Stock Symbol: GPS
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The Gap, Inc. is a global specialty retailer operating stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. The Company designs virtually all of its products, which in turn are manufactured by independent sources, and sells them under its brands. The Company operates stores in the United States, Canada, the United Kingdom, France, Germany and Japan. As of February 2, 2002, the Company operated a total of 4,171 store concepts at 3,097 locations.
The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children. GPS's brands include Gap, Banana Republic and Old Navy. For the 26 weeks ended 8/3/02, net sales fell 4% to $6.16 billion. Net income fell 54% to $93.5 million. Revenues reflect a decrease in comparable Gap store sales. Net income also reflects reduced gross margins and higher advertising and interest expenses.