Through its new platform, Old Navy will partner with nonprofits to empower the next generation with real-world skills, training, and job opportunities.
Both national retailers will be selling special merchandise tied to LBGTQ charities, as well as other initiatives.
The global retailer also reported that net sales were essentially flat, while comparable sales showed a 2 percent increase.
The San Francisco-based retailer saw improvement in holiday sales, especially at its Old Navy division.
Net sales for the multi-brand retailer were down slightly from last year, with Old Navy showing some positive traction.
Gap, Inc. continues to see declining sales in the first quarter earnings report, released yesterday, and, as a result, plans to close 75 stores this year.
Gap Inc. will take steps to better position the company for improved business performance and to build for the future, in light of a continuing stream of disappointing earnings.
Gap, Inc. has reported the company’s fourth quarter and fiscal year 2015 comparable sales were down 7 percent versus positive 2 percent last year.
Gap Inc. has reported a significant decrease in net sales for the four-week period ended January 30, 2016 of $813 million compared with net sales of $888 million for the four-week period ended January 31, 2015.
Old Navy is resurrecting its popular “Overnight Millionaire” giveaway as part of a series of holiday promotions this upcoming Black Friday.
The Bon-Ton Stores, Gap Inc., Nordstrom, Old Navy and Ugg Australia are among 16 retailers who are teaming up this year to raise funds for the Boys and Girls Clubs of America over the holidays.
The reaction to Ralph Lauren’s move from CEO has been of both shock and celebration in the financial and fashion worlds.
CFO Sabrina Simmons: “We’re pleased to have grown comparable sales 2% for the fourth quarter, driven by a strong, double-digit comp at Old Navy.”