Athleta news and archive

Gap reports positive fourth quarter results

Gap’s fourth quarter net sales of 4.3 billion dollars were up 1 percent, with comparable sales flat year-over-year. Net sales for the full year of 14.9 billion dollars were down 5 percent, while comparable sales down 2 percent. For the fiscal year 2024, the company forecasts net sales to remain flat, gross margin expansion of 50 basis points,...

Fashion

Athleta launches workout clothes for high-intensity exercise

US premium sports and activewear brand Athleta, part of Gap Inc., has launched a new women’s workout collection engineered with proprietary fabrics for high-intensity movement. Athleta, more known for its yoga and pilates clothing, has developed an eight-piece ‘Train’ collection to “empower women through their most intense workouts” as it looks...

BusinessFeatured

Gap forecasts flat holiday quarter ahead

Gap reported third quarter net sales of 3.8 billion dollars, down 7 percent compared to last year, inclusive of an estimated 2 percentage points negative impact from the sale of Gap China. Comparable sales for the quarter were down 2 percent. The company is estimating fourth quarter net sales to be flat to slightly negative compared to last year...

BusinessFeatured

Gap posts Q2 profit but sales decline 8 percent

Net sales at Gap Inc. of 3.55 billion dollars, were down 8 percent compared to last year, while comparable sales were down 6 percent. Reported net income was 117 million dollars; while reported diluted earnings per share were 32 cents. The company reported adjusted net income of 127 million dollars, and adjusted diluted earnings per share were...

BusinessFeatured

Gap appoints Richard Dickson as the company's new CEO

Gap Inc. with a portfolio that includes Old Navy, Gap, Banana Republic and Athleta, has announced the appointment of Richard Dickson as the company's president and chief executive officer, effective August 22, 2023. "Richard has invaluable expertise in areas critical to the work Gap Inc. is doing to strengthen the company for the long term. And...

People

Gap names Chris Blakeslee as President and CEO of Athleta

Gap Inc. has appointed Chris Blakeslee as the new President and CEO of Athleta, the women's active and lifestyle brand with a nearly 1.5 billion dollar portfolio. In a statement Gap saidBlakeslee's extensive expertise in apparel retail and wholesale will drive strategic growth, building on Athleta's product innovation and mission to empower...

BusinessFeatured

Gap narrows Q1 losses despite drop in sales

US fashion and lifestyle giant Gap reported a 6 percent drop in sales in the first quarter of the year, but its stock price jumped as its losses narrowed. In the three months ended April 29, the retailer made sales of 3.28 billion dollars compared to the 3.48 billion dollars it reported a year earlier amid a backdrop of rising inflation and...

BusinessFeatured

Gap reports tough Q4, rejigs leadership team

Fourth quarter net sales at Gap, Inc. of 4.24 billion dollars, were down 6 percent compared to last year, and comparable sales were down 5 percent. The company’s store sales decreased 3 percent compared to last year, while online sales decreased 10 percent and represented 41 percent of total net sales. For the full year, the company’s net sales...

Fashion

Athleta launches in the UK via joint venture with Next

US premium sports and activewear brand Athleta, acquired by Gap in 2008, has officially entered the UK market via Gap Inc’s joint venture with Next PLC. The move expands the Gap partnership, which has seen the apparel brand reintroduced to the British high street with shop-in-shops in Next stores across the UK, as well as the arrival of Banana...

Fashion Featured

Gap Inc confirms Banana Republic is returning to the UK

Gap Inc. confirms that Banana Republic and Athleta will start selling within the UK and Ireland again through its joint venture with Next announced in September 2021, where Next owns 51 percent and Gap owns 49 percent. The move builds on the success of the Gap partnership, which has seen the apparel brand reintroduced to the British high street...

BusinessFeatured

Gap posts profit as Q3 sales increase

Third quarter net sales at Gap Inc. of 4.04 billion dollars, were up 2 percent compared to last year, while comparable sales were up 1 percent year-over-year. The company's reported net income was 282 million dollars and adjusted net income was 260 million dollars. The company anticipates that total company net sales could be down mid-single...

BusinessFeatured

Gap remains 'cautiously optimistic' about FY22 results

Second quarter net sales of 3.86 billion dollars, were down 8 percent at Gap Inc. compared to last year, while comparable sales were down 10 percent year-over-year. While the company is making progress balancing its assortments, it remains cautiously optimistic in light of the consumer environment as it relates to its revenue in the second half...