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%.

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 powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Will Devlin / E-Commerce

Three simple steps to reducing shopping cart abandonment

Payment options, a shopping cart that holds a customer’s items while she ponders the purchase ...

FPO

Adrien Henni / E-Commerce

eBay and Russian Post accelerate cross-border deliveriies

EBay and Russian Post have signed a memorandum of cooperation aimed at reducing the time ...

Advertisement