September 19, 2007, 12:00 AM

Gap Q2 online sales rise 26%

Online sales for Old Navy, Gap and Banana Republic climbed 26% collectively in Q2 2007 for Gap Inc. compared with the same period in 2006. Comparable store sales declined 5%.

Bill Briggs

Senior Editor

Online sales for Old Navy, Gap and Banana Republic climbed 26% collectively in Q2 2007 for Gap Inc. compared with the same period in 2006. Comparable store sales for the multi-channel retailer declined 5%.

OldNavy.com continues to lead e-commerce sales for Gap with sales of $83 million for the second quarter ended Aug. 4, 2007, up 22% year over year. Gap.com followed at $55 million, a 20% increase over Q2 2006, and BananaRepublic.com tallied $27 million, up by 23%, Gap says in its quarterly financial report recently filed with the Securities and Exchange Commission.

Overall online sales were $172 million, up 26% compared with $136 million in the prior year. For the quarter Gap’s revenue was flat, with net sales of $3.7 billion, the same as Q2 last year. Gap, No. 27 in the Internet Retailer Top 500 Guide, saw comparable store sales fall 5% for the quarter.

Net earnings were $152 million for Q2 2007 compared with $128 million in the prior year, a 19% increase.

For the first six months of fiscal 2007, overall web sales were $367 million, up 24% compared with $295 million in Q2 2006.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement