Gap Same Store Sales Fell 3% In September And Share Prices Also Declined.

< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Gap < /a > Inc. (NYSE: GPS) GAPP group released the September sales figures after the closing of the US stock market on 10 October. In the first five weeks as of October 5th, the sales of Gap Inc. (group /a) decreased by 3% compared with the same period last year, which is far from the expected growth rate of the market. Among them, the sales of the same brand store decreased 3% compared with the same period last year, and the market forecast increased by 2.8%. < /p >
< p > Gap Inc. (NYSE: GPS) shares fell 5.14% to 37.64 dollars in the trading hours after October 10th, and the closing price in October 10th was 39.68 dollars, up 0.51%. < /p >
Total sales volume of < p > September was 1 billion 460 million US dollars, which was basically the same as that of 1 billion 450 million US dollars in the same period last year. The group said the economic instability caused by the suspension of the government reduced the flow of people at the end of the month. In addition, the group's three brands, < a href= "//www.sjfzxm.com/news/index_c.asp" > men's clothing business < /a >, were superior to women's clothing business. < /p >
Glenn Murphy, chairman and chief executive officer of P Gap Inc. (NYSE: GPS), said: "despite the challenges in September, we are unswerving in our commitment to achieve our goals for the year." < /p >
< p > a < href= > //www.sjfzxm.com/news/index_c.asp > retail > /a > September. Victoria 's Secret Vitoria's Secret parent L Brands Inc (NYSE:LTD) in September, the same store sales increased by only 1% over the same period last year, but did not expect analysts to expect an increase of 2.1%. L Brands Inc (NYSE:LTD) closed at $56.60, down 4.07%, and fell 1.06% to 56 dollars later. < /p >
< p > Nomura Securities Simeon Siege, an analyst at Nomura Securities, explained to Bloomberg why retailers were sluggish in September: "the lack of innovation in commodities has led to a decline in market traffic, which has led to continued price cuts. Coupled with the warmer weather last year, the result is certainly not inspiring. < < /p >.