Athleta news and archive
Supply chain disruptions impact Gap's Q3
Gap Inc. reported a third quarter fiscal year 2021 diluted loss per share of 40 cents. The company said, third quarter net sales of 3.9 billion dollars were down 1 percent compared to 2019 with supply chain disruption driving an estimated 8 percentage point negative impact due to constrained inventory. The company noted that while supply chain...
24 Nov 2021
Gap reports strong Q2, raises full year earnings outlook
Gap reported second quarter diluted earnings per share of 67 cents, while adjusted earnings per share were 70 cents. The company raised its full year reported diluted earnings per share guidance to be in the range of 1.90 dollars to 2.05 dollars and 2.10 dollars to 2.25 dollars on an adjusted basis. The company’s net sales of 4.2 billion dollars...
27 Aug 2021
Gap Q1 sales top pre-Covid levels, swings to profit
Sales at US fashion and lifestyle retailer Gap topped pre-Covid levels in the first quarter of the year as its markets opened back up, leading to a hike in its full-year outlook. The company said net sales across its brands for the first quarter ending May 1 were up 89 percent to 3.99 billion dollars compared to last year when the pandemic was...
28 May 2021
Athleta partners with Simone Biles
Athleta has formed a long-term partnership with Simone Biles, the most decorated gymnast in World Championships history. Biles will collaborate with Athleta’s design team in development of signature products for aspiring athletes, including plans for multiple capsule collaborations for Athleta Girl, the brand’s youth focused line. “Using my...
23 Apr 2021
Athleta announces expansion into Canada
Gap Inc. brand Athleta is expanding outside of the US for the first time as the performance lifestyle brand plants roots in Canada. Athleta will launch a Canadian e-commerce platform this summer, followed by opening retail stores in Ontario, Vancouver, and British Columbia. According to the brand, it plans on opening between 20 to 30 stores a...
21 Apr 2021
Podcast: The Glossy Podcast interviews Athleta's Jana Henning
In this episode, The Glossy Podcast has interviewed the chief product officer of activewear brand Athleta, Jana Henning, about size inclusivity, the future of stores and the return to stores. Listen to the podcast below. Source: The Glossy Podcast via Megaphone
1 Apr 2021
Gap posts sales decline in Q4, expects recovery in 2021
Gap’s diluted earnings per share were 61 cents for the fourth quarter of fiscal year 2020. The company said, net sales were 4.4 billion dollars, a decrease of 5 percent compared with last year, while online sales grew 49 percent compared with last year and represented 46 percent of net sales in the fourth quarter, which was an increase of over...
5 Mar 2021
Gap declares first quarter dividend
Gap Inc. has announced that its board of directors affirmed the payment of its previously approved and deferred first quarter fiscal year 2020 dividend of 0.2425 cents per share, payable on or after April 28, 2021 to shareholders of record at the close of business on April 7, 2021. The company also announced its intent to initiate a quarterly...
3 Mar 2021
Athleta launches its first sleepwear collection
Athleta is delving into sleepwear. The popular, Gap Inc.-owned women's athleisure brand has launched the first collection within its new sleepwear category. The 14-piece collection includes t-shirts, camisoles, shorts, joggers, night gowns and a sleep romper. All pieces are made from ultra-soft, lightweight fabrics that are sustainable and...
6 Jan 2021
Gap posts flat sales growth in Q3
Gap Inc. said that its third quarter results reflected flat sales versus last year, supported by 5 percent growth in comparable sales, which was driven by a 61 percent increase in online sales. The company said in a statement that net sales were impacted by the company’s ongoing strategy to close unprofitable stores. Gross margin increased 160...
25 Nov 2020
Athleta donates to new grant program supporting young women
Athleta is committing 2 million dollars to establish the Power of She Fund - a grant program created in partnership with the Women's Sports Foundation to provide financial support to organizations that reach women and young girls through sport. The Gap Inc.-owned athleticwear brand hopes to further its mission of empowering women and girls...
29 Sep 2020
Online demand boosts Gap's Q2, comparable sales increase by 13 percent
Net sales at Gap Inc., were down 18 percent year-over-year to 3,275 million dollars, reflecting a 95 percent increase in online sales, offset by a 48 percent decline in store sales, which were impacted by partial closures during the quarter. During May, the company said in a statement, Gap began reopening stores previously closed as a result of...
28 Aug 2020