Old Navy Performs Well, Gap Group Raises Annual Revenue Expectations

Gap Inc. (GPS) GAPP group released four quarter sales results, the fourth quarter of the same store sales increased by 2%, sales increased 5%, so Gap Inc. cover Pu 2014 2014 to four U.S. dollars to four U.S. dollars (previously expected 2.73-2.78 dollars), expected four quarter EPS $0.73 U.S. dollars.

The company also released January. Sales performance In January 2015, Gap Inc. Cape Sales recorded $888 million, down 1.2% from $899 million in the same period last year. In January, the group's same store sales fell 3%, while the overall sales in the fourth quarter were $4 billion 710 million, a 3% increase over the same period last year.

Group chief financial officer Sabrina Simmons The same quarter sales growth in the four quarter mainly benefited from the double digit sales growth of its Old Navy brand.

Gap cover Pu brand is still the same name group weak performance brand, in January 2015, same store sales fell 9%; Banana Republic has 2% same store sales growth; Old Navy same store sales growth 3%. 3%. fourth quarter Gap cap Pu brand same store sales fell 6%; Banana Republic and Old Navy respectively recorded 1% and 11% of same store sales growth.

On Monday, the Gap Inc. (GPS) cap group's share price closed at $41.10, or 1.65%.

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From Beijing to Shanghai, from Beijing International Exhibition Center to Shanghai National Convention and Exhibition Center, different locations, the same is the responsibility mission of China International Clothing Fair (CHIC), and the determination of Shishi textile and garment industry cluster development. Following the 5000 square meter Shishi Pavilion in 2014, which became the largest and high attention regional garment plate Exhibition on the CHIC exhibition, and maintained its record for more than ten years, the stone lions Legion will be reassembled on March 18, 2015 to 20, and will be landed in Shanghai in the form of "whole industry chain". The exhibition area of the stone lions group will reach 8000 square meters this year.

It is reported that in March 18, 2015 - 20, 2015, China International Clothing and Accessories Fair (CHIC) will be first moved from Beijing to Shanghai.

"This year, we will continue to show itself in a unified image. Once again, we will set up a platform for enterprises to break the situation of different businesses and different styles. The information release is more unified, the business group receives higher specifications and attracts more and more professional buyers." "This year, Shishi clothing brand will show the advantages of the whole industrial chain. The stone lions will take the leading brands such as men's wear, children's wear and casual pants," said the chairman of the Shishi textile and Garment Association Tian Qi Ming. According to Lin Jinchang, deputy director of Shishi Economic Bureau, the exhibition area of Shishi Exhibition Group will reach 8000 square meters this year.

In addition, the Shishi Exhibition Group will add machinery and equipment and information enterprises. As one of the representative enterprises of sewing equipment industry in Fujian and even the whole country, from Hongshi lion to "focus on high-end computer sewing machine", the Hongyun clothing car and Xingxing sewing car will take the advantage brand products, focus on the research and development of mobile Internet products, and the O2O distribution platform of main business. Shishi flour accessories enterprises will appear in the form of Shishi Pavilion in the exhibition of China international textile fabrics and accessories at the same time. By then, the whole industry chain of Shishi garment industry will become an important aspect of this fair.

It is reported that in 2015, China International Clothing and Accessories Fair set up the "ODM intelligent manufacturing" exhibition area for the first time, integrating high-quality enterprises including intelligent processing, special processing, and all kinds of high quality ODM (original design and manufacture).

In Shishi Pavilion, people can also see the spirit of ODM. Inheritance clothing, shoulder to shoulder clothing, French fashion, Po Wei casual pants and other enterprises will be strong joint ODM exhibition area, showing the high-end productivity of stone lions. "Making brand has a very high demand for enterprises, and making manufacturing is two different ways to play. When we see too many enterprises losing their profits because of making brand, it is the absolute principle to focus on what they are good at." Wang Yonggang, general manager of heritage clothing, revealed the purpose of the first exhibition.

Overseas media have said, "no country can compete with China (textile and clothing industry) Pi Mei in terms of production scale, technology level, product quality, product diversity and supply chain integrity." Shishi ODM production level of many enterprises, more clearly supporting this view. According to the industry, in 2014, Shishi enterprises, after experiencing the pain of order transfer, miraculously recovered part of the order. The reason is that the Shishi textile and garment industry is better at technology and quality.