8/17/12

Q2 web sales grow 24% for Gap

Overseas e-commerce revenue climbs at nearly the same rate.

Mark Brohan , Research Director

It was a good second quarter domestically and overseas for Gap Inc.

For the second quarter ended July 28, Gap, No. 22 in the 2012 Internet Retailer Top 500 reported:

The web accounted for 10.8% of total sales in the second quarter of 2012 compared with 9.1% in the prior year.

“Customers responded well to our product offerings across our brands, driving a healthy increase in sales and earnings per share during the quarter,” says CEO Glenn Murphy.

For the first two quarters:

The web accounted for 11.4% of total sales in the first two quarters of 2012 compared with 9.8% in the prior year.

Topics:

Gap, Glenn Murphy, international web sales, online apparel, online apparel sales, Q2 2012 earnings, Top 500

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