Gap is working through its turnaround and still dealing with branding issue and how to reinvigorate its core apparel basics. |
However, the company's square footage growth is weighted towards Old Navy and not the Gap. The retailer may close more of its Gap stores and expand Old Navy given that there's a higher market in the value segment. |
We believe the fundamentals continue to materially improve and that sales productivity and margins will continue to improve in 2006. |
We've gone through the Mod look with peasant blouses and last year we saw ... vintage jeans and T-shirts. The '80s theme plays nicely to teen shoppers. |