Weak Sales In February, Gap Shares Fell Sharply After Market
On Thursday, the Gap group released the sales data for February. The total sales of the group were recorded at $918 million by the end of February 28, 2015, down 1.2% from $929 million in the same period last year and 4% in the same store.
By brand, Gap
Cape brand
It is still a weak brand of the same name group, which dropped by 7% in the same store in February 2015, and a decline of 5% in Banana Republic. The sales of Old Navy same store, which has been outstanding, is only flat compared with the same period last year.
Affected by news
Gap
Cape group
Price of stock
On Thursday, it plunged 2.12% to $40.55%, and Thursday's share price also dropped by 1.43%, closing at $41.43.
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According to the import record of Islamabad anhydrous port, Pakistan customs began to investigate the customs clearance of imported garments.
The incident resulted in a loss of 170 million rupees.
According to sources, the import of 110 container garments from different countries is of great value.
Officials at the Islamabad port without water, under the guidance of Pakistan customs officials, ignore the relevant regulations of the state and violate the regulations of these imported garments.
The source added: "at present, the importers are locked in Mohamed Ji Ali and Haji Hassan of Universal Gateway, which stipulates that a tariff of $5.7 per kilogram of clothing should be paid.
But under the connivance of Chaudhry Ahsan of new ascension, only 2.7 dollars per kilogram of clothing was paid, resulting in a 170 million rupee loss to the national finance.
In this case, the General Administration of Customs of Pakistan indicated that it would investigate it.
A customs Intelligence Unit raided the import department and sent out the import record. Then, the Chaudhry Ihsanullah three people of Haji Hassan, Mohamed Ali and new arhsan were placed on file for investigation.
All defendants were arrested.
After that, the defendant applied for bail to the high court of Islamabad, but the court rejected their application.
A few days later, the defendant successfully applied for bail in the Rawalpindi court.
Sources said that the investigation found that the case also involves the high level of Islamabad anhydrous port and customs.
Other top officials of the customs have come to rescue the accused, so the case has not yet been resolved.
Another deputy general administration, Waheed Marwat, said the case was under investigation and waited for the court's decision.
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