American clothing retailer Gap reports Q4 FY20 sales of $4.4 bn
Fibre2Fashion Toggle navigation 08 Pic: Shutterstock Gap Inc, a US-based specialty apparel company, has reported its financial results for the fourth quarter (Q4) FY20 ended on January 30, 2021. Sales during the quarter were down to $4.4 billion compared to the sales of $4.6 billion in the same quarter previous fiscal. Company’s net income during Q4 FY20 was $234 million (Q4 FY19: net loss $184 million). Online sales grew 49 per cent representing 46 per cent of net sales in Q4 FY20, which was an increase of 17 per cent compared to previous year. On th...
Source: fibre2fashion.com