By and and  on November 19, 2010

A “very promotional third quarter” pressured gross margins at Gap Inc. and kept the San Francisco-based apparel retailer’s earnings just below year-ago levels.

And Glenn Murphy, chairman and chief executive officer of the firm, doesn’t expect promotional activity for holiday to “be any better than it was in the third quarter.”

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus