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Profile – The Gap, Inc.

The Gap is a specialty retailer of apparel, accessories, and personal care products for men, women, children, and babies. Brands include Gap, Banana Republic, Old Navy, Piperlime, and Athleta. As of Jan 28, 2012 the company had 3,036 company-operated stores in the US, Canada, Europe, and Asia including 1,388 Gap stores, 1,016 Old Navy stores, 622 Banana Republic stores and 10 Athleta stores, as well as e-commerce sites for each brand, plus 227 franchised stores. Piperlime is only offered online.

Headquarters San Francisco, California
Sector Clothing & Accessories Stores
Primary NAICS Code 448140 – Family Clothing Stores
Primary SIC Code 5651 – Family Clothing Stores
Fiscal Year 2012 Ends on Feb 2, 2013
2011 Net Sales $ 14.55 Billion
2011 E-Commerce Sales $ 1.56 Billion
2011 Net Income $ 833.0 Million
Store Count* 3,036
Total Store Sq Ft* 37,600,000
Employees* 132,000

*as of 1/28/12




Financial Summary
2011 2010 YoY % Chg 3 YR CAGR 5 YR CAGR
Net Sales (1,000′s) $ 14,549,000 $ 14,664,000 -0.8% 0.1% -1.8%
Same-Store Sales Chg -6.0% -1.0%
E-Commerce Sales (1,000′s) $ 1,560,000 $ 1,299,000 20.1% 14.8% 16.4%
Operating Income (1,000′s) $ 1,438,000 $ 1,968,000 -26.9% -2.4% 3.3%
Net Income (1,000′s) $ 833,000 $ 1,204,000 -30.8% -4.9% 1.4%
Diluted EPS $ 1.56 $ 1.88 -17.0% 5.2% 10.9%
Store Count 3,036 3,068 -1.0% -1.2% -0.6%
Store Sq Ft (1,000s) 37,200 38,200 -2.6% -2.0% -0.8%
Employees 132,000 134,000 -1.5% -0.5% -3.0%
Advertising Spend (1,000s) $ 548,000 $ 516,000 6.2% 8.0% -0.9%

Gap - Compound Annual Growth Rates



Fiscal Year Net Sales by Region (as % of Total)
2011 2010 2009
US Stores 68.3% 71.5% 73.9%
US E-Commerce 9.8% 8.6% 7.9%
Canada 6.9% 6.7% 6.1%
Europe 5.9% 5.4% 5.2%
Asia 8.1% 7.2% 6.5%
Other 0.9% 0.6% 0.4%

Gap - 2011 Net Sales by Region



Fiscal Year Net Sales by Brand (as % of Total)
2011 2010 2009
Gap 40.6% 40.3% 40.3%
Old Navy 39.0% 40.3% 40.9%
Banana Republic 18.3% 17.8% 17.4%
Piperlime & Athleta 2.1% 1.7% 1.3%

Gap - 2011 Net Sales by Brand


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