I know that we took a boatload of styles in CCs out of the business as we got into Q3. We are pleased with the initial progress we have made to realize what I refer to as the low-hanging fruit, or where we have opportunities to be just a bit more coordinated across functions, or frankly just smarter about where we spend.
Fisher and his wife Doris F. The executive president for marketing and merchandising Jack Calhoun became interim president of Banana Republic. And we saw some specific examples of that in the quarter.
Pottery Barn was a housewares chain of about 30 stores in New York and California; after several problematic years, it was liquidated in At this time, all participants are in a listen-only mode [Operator Instructions]. This satisfies the customer, drives conversion, and increases labor productivity.
We continue to see broad-based trends in the business with growth across all divisions in nearly every category. The first usage for shirts and clothing products was on June 25, So with that, we will open it up for questions.
You know, our quarterly results came in largely as we expected them to, and we are positioned for continued improvements in the back-half of the year. We are maintaining our outlook for the year against the backdrop of first-half results that were largely in line with our expectation.
These efforts not only benefit our current results, but will truly optimize processes to create a more nimble and efficient organization going forward.
After deploying the solution in all U. In fact, the bottoms business, which represents nearly half of the assortment, delivered a high-teens comp during the quarter. After much public outcry, the company reverted to its previous "blue box" logo on October 12, after less than a week in use.
As anticipated, merch margin de-leverage was driven by Gap brand. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper.
The store traffic outpacing the industry and up again for the quarter. And as Art mentioned, the growth trends in our online business remain very strong bolstered by the digital investments we are making.
Foremost among these was Banana Republicfounded in by another California husband and wife team, Melvyn and Patricia Ziegler. We do remain confident in the balanced growth strategy and the focused actions that it drives.
And I think those are all reasonable questions. For our own projection, we assume that the analyst consensus is correct for the next 5 fiscal years. The first use of the trademark was on August 23,and expanded to commercial usage on October 17, And in hindsight, we believe this is very much the right decision, but it has left us with some imbalances heading into the fall.
The cost of equity is calculated using the year treasury yield as the "risk-free" proxy plus the market-implied equity risk premium of 6.
She wants to do more than just walk in, pick a product, and exit. Sales and Marketing Gap communicates with consumers mainly through television and print advertising. By the middle of the following year, however, it was clear he had pulled off something of a miracle.
However, he enjoyed commercial success in international markets. So let me turn now to second quarter performance. On October 4,in an effort to establish a contemporary presence, Gap introduced a new logo. The key measure of cash flows that we use is the Free cash flow to the firm FCFwhich represents the total cash inflow from operations minus the dividends and capital expenditure outlays.
Inas Banana Republic searched for secure footing, GapKids prospered and launched a new venture, babyGap.
Specifically as you heard from Art, our focus on growing and the value in active space is working, demonstrated by the continued strength in Old Navy and Athleta. We continue to analyze our tax return positions under the Act and will finalize our fiscal year tax returns during fiscal year They know that data is a scale asset and the more that you have, the more value you can extract.
Importantly, we did see sequential progress from Q1 in key markets. They are an asset, not a liability. Data is provided "as is" for informational purposes only and is not intended for trading purposes.The Gap, Inc.
(NYSE:GPS) Q2 Earnings Conference Call August 23, p.m. ET Executives Tina Romani - IR Art Peck - President and CEO Teri List-Stoll. Gap Inc. Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children.
The company. Gap Inc. is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We are committed to recruiting, hiring, training and promoting qualified people of all backgrounds, and make all employment decisions without regard to any protected status.
Gap Inc. (NYSE:GPS) is one of the leading global clothing retailers. The company's products are available for purchase in more than 90 countries worldwide.
Gap Inc. is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. The average salary for The Gap Inc.
employees is $83K per year. Visit PayScale to research The Gap Inc. salaries, bonuses, reviews, benefits, and more!Download