San Francisco—Reporting Thursday after the close of markets, Gap Inc. gave a September sales report that disappointed analysts and Wall Street.
For the five weeks ended Oct. 5, the operator of Gap, Old Navy and Banana Republic stores said its comparable store sales fell 3% compared with a 1.6% increase that analysts’ estimate expected. Last September Gap Inc. reported a 6% increase in comp sales.
Total net sales were flat compared with September 2012 at about $1.46 billion.
“While September proved to be somewhat challenging, we remain steadfast in our commitment to deliver on our full-year goals,” said Glenn Murphy, chairman/ceo.
Comparable sales by retail division was: Gap Global negative 3% versus positive 3% last year; Banana Republic Global: negative 5% versus positive 4% last year; and, Old Navy Global: negative 2% versus positive 10% last year
Gap Inc. had been performing well in recent months when many other retailers have been struggling. The company’s stock has risen some 28% this year, but it fell to its lowest point in six months with the comp store sales report.
Overall, September comparable store sales were down from last year and below upswings in recent months, according to reports from the few retailers who still release monthly sales figures on Thursday.
For commercial purposes, extract supplements can be obtained from the fruit of the pericarp. Garcinia cambogia reviews is performed by a physician Chen and Oz to prove that it is an herb for weight loss, a lot of research has been done. Studies, Garcinia cambogia extract supplementation decreases the weight of the body fat accumulation, was shown to have a positive effect on prevention. We are important substances such as cholesterol (LDL), reduces the serum leptin and triglycerides. In addition, it will increase the level of serotonin and cholesterol (HDL). The study also, Garcinia cambogia extract supplements, has proven that there are no significant adverse effects on many of the eight weeks, such as its use.