Banana Republic Archives - Inside Retail Singapore
Gap plans to spin off and float its Old Navy business, creating two independent publicly traded companies.
Singapore retailer FJ Benjamin has recorded a change of fortune, turning its first annual profit in four years.
The deep-seated problems at the Gap brand need to be resolved. And soon, says retail analyst Neil Saunders.
Gap Inc again had to rely on its budget brand Old Navy to deliver modest growth in the first quarter, as its core brand stuttered yet again.
FJ Benjamin to close Banana Republic and Gap stores in Singapore.
At headline level, the latest Gap Inc results are not too bad. But beneath the surface…
Gap Inc. to close about 200 Gap and Banana Republic stores in the next three years.
Despite a drop in revenue, FJ Benjamin’s net loss for its latest fiscal year has narrowed to S$17.42 million.
Gap results show the third consecutive quarter of positive comp-store sales growth – but Old Navy alone is driving all the growth.
With comparable group sales increasing by 2 per cent this has been a quarter of progress for Gap.
A modest rise in Gap sales over the final quarter provided some much needed respite for beleaguered US apparel retailer.
Banana Republic chief Andi Owen has been ousted from the role by parent Gap.