The Gap Message Board - Msg: 11732335

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Non-Tech : The Gap

GPS 24.38

+4.9%

Oct 28 3:59 PM EST

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To: sydney who wrote (107)	10/28/1999 10:33:00 AM
From: Beltropolis Boy	Read Replies (2) of 189

>I have been carefully watching the growing numbers that are in Old Navy....and I believe that this is the store that is carrying the others (Gap & Banana Republic).< actually, i believe it's both ON and BR that are currently fueling Gap's growth. here's an excerpt from the oct 9 NY Times piece: "When retailers reported September sales on Thursday ... at Gap, sales rose even more than expected, 7 percent. The entire 7 percent rise was powered by Gap's younger divisions, Banana Republic and Old Navy, each of which is expanding at an explosive rate. But sales declined up to 4 percent in September at Gap stores, which still account for roughly 35 percent of the company's revenue. It is the sixth consecutive month that the flagship chain has posted flat or negative sales." although there's little traffic here, harry (HRM) and i have had some interesting drivebys. if you're interested -- and it's not exceedingly gauche to hotlink to oneself -- start about here: Message 10446494

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