Gap In The Three Quarter, Same Store Sales Fell 2% Year-On-Year, Reducing Annual Performance Expectations.

　　 Gap The three quarter continued weakness of Cape brand, while the growth of the cheap brand Old Navy Old Navy slowed down, the parent company and the largest clothing in the United States. Retailer Gap Inc. had to cut its annual performance expectations and announced restructuring management.

In the three quarter, Gap Inc. group's same store sales fell 2% year-on-year, of which Gap cap Pu brand fell 5%, Old Navy Old Navy only recorded a 1% growth, a significant slowdown compared with 4% in the two quarter, and Banana Republic Banana Republic was flat.

The total sales of Gap Inc. in the three quarter totaled $3 billion 972 million, a slight decrease over the same period last year of $3 billion 976 million, less than the $4 billion 40 million expected by the market. Gap Cape brand Sales fell by 3.1% to 1 billion 555 million dollars a year, and the old navy of Old Navy rose 2.7% to 1 billion 558 million dollars, while the Banana Republic Banana Republic rose 1.4% to 706 million dollars.

In the three quarter, Gap Inc. net profit increased by 4.2%, from 337 million US dollars in the same period last year to 351 million US dollars, and the diluted earnings per share increased from 0.72 US dollars to 0.80 US dollars, slightly exceeding the market forecast of US $0.79. The group will reduce the earnings per share from the previous 2.95-3.00 US dollar to US $2.73-2.78, and the market expects us $2.82-2.91.

Gap Inc. shares fell 3.69% to 38.66 U.S. dollars on Thursday, the biggest decline of 5.3%, the total income of the Thursday's total income of 40.14 U.S. dollars, up 1.52%, up 2.7% so far in 2014.

Art Peck, who will succeed Glenn Murphy as chief executive of Gap Inc. group in fiscal year 2015, announced the restructuring of management. It appointed 48 year old Jeff Kirwan and 49 year old Andi Owen to serve as the global president of the Gap and the Republic of the Republic of banana, respectively, to replace the 10 years' service for the "Gang" brand and the 8 year service for the Republic of banana.

Over the past three years, Jeff Kirwan, the group's chief executive of Greater China, is committed to re attracting consumers to Gap's stores and online stores. Andi Owen will focus on the product portfolio of the Banana Republic Banana Republic, and cooperate with Marissa Webb, the designer of the brand creative director in April this year, to enhance the same store sales that have stagnated over the past 7 quarters.