Gap

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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 Oct 31, 2009 the company operated 3,143 total stores in the US, Canada, Europe, and Asia including 1,473 Gap stores, 1,059 Old Navy stores, and 611 Banana Republic stores. Piperlime and Athleta are 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 2009 Ends on Jan 30, 2010
2008 Net Sales $ 14.53 Billion
2008 E-Commerce Sales $ 1.0 Billion
2008 Net Income $ 967.0 Million
Store Count* 1,474
Total Store Sq Ft* 39,400,000
Employees** 134,000

*as of 10/31/09     **as of 1/31/09




Financial Summary
2008 2007 YoY % Chg 3 YR CAGR 5 YR CAGR
Net Sales (1,000’s) $ 14,526,000 $ 15,763,000 -7.8% -3.2% -1.7%
Same-Store Sales Chg -12.0% -4.0%
E-Commerce Sales (1,000’s) $ 1,030,000 $ 903,000 14.1% 20.1% 16.2%
Net Income (1,000’s) $ 967,000 $ 833,000 16.1% -4.6% -1.3%
Diluted EPS $ 1.34 $ 1.05 27.6% 2.6% 4.2%
Store Count 3,149 3,167 -0.6% 1.0% 0.8%
Store Sq Ft (1,000s) 39,500 39,600 -0.3% 1.5% 1.6%
Employees 134,000 141,000 -5.0% -4.3% -2.6%
Advertising Spend (1,000s) $ 435,000 $ 476,000 -8.6% -5.2% -3.1%

Gap - Compound Annual Growth Rates



Fiscal Year Net Sales by Region (as % of Total)
2008 2007 2006
US Stores 75.0% 77.9% 80.3%
US E-Commerce 7.1% 5.7% 4.6%
Canada 6.0% 6.2% 5.9%
Europe 5.4% 5.2% 5.0%
Asia 6.1% 4.7% 4.1%
Other 0.5% 0.3% 0.2%

Gap - 2008 Net Sales by Region



Fiscal Year Net Sales by Segment (as % of Total)
2008 2007 2006
Gap 41.0% 39.7% 40.9%
Banana Republic 39.3% 42.3% 42.9%
Old Navy 18.1% 17.3% 16.0%
Other 1.5% 0.8% 0.2%

Gap - 2008 Net Sales by Segment


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