Report
Jaime Katz
EUR 100.00 For Business Accounts Only

Gap's productivity efforts drive customer engagement, but margin struggles from inventory concerns.

As no-moat Gap has pivoted its brand-building efforts toward segments that resonate with consumers (Old Navy and Athleta), the firm has been able to bolt on its seventh consecutive quarter of comp-store sales gains (at 2%). However, while Old Navy (48% of total sales) has linked together nine quarters of positive same-store comp growth, Gap (30% of sales) has continued to languish, with only one of the last eight quarters delivering a comp-store increase. Despite comps that were 2% better than o...
Underlying
Gap Inc.

The Gap is an apparel retail company. The company provides apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. The company has stores in the U.S., Canada, the U.K., France, Ireland, Japan, Italy, China, Hong Kong, Taiwan, and Mexico, and has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, and Banana Republic stores throughout Asia, Europe, Latin America, the Middle East, and Africa. Under these agreements, third parties operate stores that sell apparel and related products under the company's brand names.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jaime Katz

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