{"id":21647,"date":"2016-07-12T05:40:12","date_gmt":"2016-07-12T12:40:12","guid":{"rendered":"http:\/\/www.denimsandjeans.com\/?p=21647"},"modified":"2016-10-14T05:44:52","modified_gmt":"2016-10-14T12:44:52","slug":"gap-results-are-negative-again-first-quarter-1-2016-comparable-sales-results","status":"publish","type":"post","link":"https:\/\/www.denimsandjeans.com\/recovery\/latest-denim-reports\/denim-data-figures\/gap-results-are-negative-again-first-quarter-1-2016-comparable-sales-results\/21647","title":{"rendered":"Gap Results Are Negative , Again ! | First Quarter 1 2016 Comparable Sales Results"},"content":{"rendered":"<p align=\"justify\">Gap Inc.\u00e2\u20ac\u2122s comparable sales for the first quarter of fiscal year 2016 were down 5 percent versus a 4 percent decrease last year. Comparable sales by global brand for the first quarter were as follows:<\/p>\n<ul>\n<li>\n<div align=\"justify\"><font color=\"#666666\">&#160; Gap Global: negative 3 percent versus negative 10 percent last year <\/font><\/div>\n<\/li>\n<li>\n<div align=\"justify\"><font color=\"#666666\">Banana Republic Global: negative 11 percent versus negative 8 percent last year <\/font><\/div>\n<\/li>\n<li>\n<div align=\"justify\"><font color=\"#666666\">Old Navy Global: negative 6 percent versus positive 3 percent last year<\/font><\/div>\n<\/li>\n<\/ul>\n<p align=\"justify\">Net sales for the first quarter of fiscal year 2016 were <strong>$3.44 billion compared with $3.66 billion<\/strong> for the first quarter of fiscal year 2015. The translation of foreign currencies into U.S. dollars negatively impacted the company\u00e2\u20ac\u2122s reported net sales for the first quarter of fiscal year 2016 by about $20 million. In calculating the net sales change on a constant currency basis, current year foreign exchange rates are applied to both current year and prior year net sales. This is done to enhance the visibility of underlying sales trends, excluding the impact of foreign currency exchange rate fluctuations. So far as the demographic distribution of revenue is concerned , <strong>USA still leading the charts with 77.31% share in the total revenue<\/strong> however in the quarter 1 of 2015 , <strong>the USA accounted 82% share<\/strong> . Old Navy contributed the highest share in the revenue with&#160; 43% while the Gap Global and Banana Republic Global contributed 36% and 16% respectively in the Quarter 1 ,2016<\/p>\n<p align=\"justify\">The following table details the company\u00e2\u20ac\u2122s first quarter fiscal year 2016 net sales:<\/p>\n<div align=\"left\">\n<table style=\"border-collapse: collapse; margin-left: 5.4pt; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 5.4pt 0in 5.4pt\" class=\"MsoNormalTable\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"606\">\n<tbody>\n<tr style=\"height: 15pt; mso-yfti-irow: 0; mso-yfti-firstrow: yes\">\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"606\" colspan=\"7\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"right\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 9pt\">US$(In Millions)<\/font><\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 1\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"91\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Regions<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"75\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Gap Global<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"109\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Old Navy Global<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"160\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Banana Republic Global<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"39\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Other<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"35\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Total<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"96\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">% of Net Sales<\/font><\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 2\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"91\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">U.S.A<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"75\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">698<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"109\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">1,328<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"160\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">454<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"39\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">178<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"35\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">2658<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"96\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">77.31%<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 3\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"91\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Canada<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"75\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">70<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"109\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">98<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"160\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">47<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"39\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">1<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"35\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">216<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"96\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">6.28%<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 4\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"91\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Europe<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"75\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">144<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"109\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">0<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"160\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">14<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"39\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">0<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"35\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">158<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"96\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">4.60%<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 5\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"91\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Asia<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"75\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">280<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"109\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">50<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"160\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">26<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"39\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">0<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"35\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">356<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"96\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">10.35%<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 6\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"91\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Other regions<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"75\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">31<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"109\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">10<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"160\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">9<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"39\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">0<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"35\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">50<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"96\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">1.45%<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 7; mso-yfti-lastrow: yes\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"91\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Total<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"75\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">1223<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"109\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">1486<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"160\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">550<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"39\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">179<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"35\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">3438<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"96\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">100.00%<\/font><\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div align=\"left\">&#160;<\/div>\n<div align=\"left\"><a href=\"http:\/\/www.denimsandjeans.com\/wp-content\/uploads\/2016\/07\/image-4.png\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px\" title=\"GAP Q1 2016 | Denimsandjeans.com\" border=\"0\" alt=\"GAP Q1 2016 | Denimsandjeans.com\" src=\"http:\/\/www.denimsandjeans.com\/wp-content\/uploads\/2016\/07\/image_thumb-4.png\" width=\"800\" height=\"595\" \/><\/a><\/div>\n<div align=\"left\">&#160;<\/div>\n<div align=\"left\"><a href=\"http:\/\/www.denimsandjeans.com\/wp-content\/uploads\/2016\/07\/image-5.png\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px\" title=\"GAP Q1 2016 | Denimsandjeans.com\" border=\"0\" alt=\"GAP Q1 2016 | Denimsandjeans.com\" src=\"http:\/\/www.denimsandjeans.com\/wp-content\/uploads\/2016\/07\/image_thumb-5.png\" width=\"800\" height=\"498\" \/><\/a><\/div>\n<div align=\"left\">&#160;<\/div>\n<div align=\"left\">The demographical distribution of revenue doesn\u00e2\u20ac\u2122t seem to be very encouraging for the Q1 2016 as<em> most of the region contributed less revenue as compared to the Q1 2015<\/em>. The leader in the chart , USA contributed US$ 2658 million in this quarter while in the same quarter in the previous year , the contribution was US$ 2828 million. Not only USA , the other regions like Canada and Europe have been following the same trend.&#160; However the fall in the revenue of Asian region is the lowest.<\/div>\n<div align=\"left\">&#160;<\/div>\n<table style=\"border-collapse: collapse; margin-left: 5.4pt; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 5.4pt 0in 5.4pt\" class=\"MsoNormalTable\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"325\">\n<tbody>\n<tr style=\"height: 15pt; mso-yfti-irow: 0; mso-yfti-firstrow: yes\">\n<td style=\"padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\"><\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"218\" colspan=\"2\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"right\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 9pt\">US$ (In Millions)<\/font><\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 1\">\n<td style=\"border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-top: 0in; mso-border-alt: solid windowtext .5pt\" height=\"20\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Regions<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Q1 (2015)<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Q1(2016)<\/font><\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 2\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">U.S.A<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">2828<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">2658<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 3\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Canada<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">224<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">216<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 4\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Europe<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">181<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">158<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 5\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Asia<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">355<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">356<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 6\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Other regions<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">69<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">50<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 7; mso-yfti-lastrow: yes\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b style=\"mso-bidi-font-weight: normal\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Total<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b style=\"mso-bidi-font-weight: normal\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">3657<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"106\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b style=\"mso-bidi-font-weight: normal\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">3438<\/font><\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"http:\/\/www.denimsandjeans.com\/wp-content\/uploads\/2016\/07\/image-6.png\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px\" title=\"GAP Q1 2016 | Denimsandjeans.com\" border=\"0\" alt=\"GAP Q1 2016 | Denimsandjeans.com\" src=\"http:\/\/www.denimsandjeans.com\/wp-content\/uploads\/2016\/07\/image_thumb-6.png\" width=\"800\" height=\"459\" \/><\/a><\/p>\n<p align=\"justify\">The most distressing figure is its net income ,which fell down to US$ 127 Million from US$ 239 and it is due to rise in the operating as well as as the non operating expenses. The company needs to seriously look in to its cost management as well as in its distribution in order to present a healthy financials. Gap Inc.\u00e2\u20ac\u2122s first quarter fiscal year <strong>2016 diluted earnings per share were US$0.32 against US$0.56 in 2015<\/strong>.<\/p>\n<div align=\"justify\">\n<table style=\"border-collapse: collapse; margin-left: 5.4pt; mso-yfti-tbllook: 1184; mso-padding-alt: 0in 5.4pt 0in 5.4pt\" class=\"MsoNormalTable\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" width=\"358\">\n<tbody>\n<tr style=\"height: 15pt; mso-yfti-irow: 0; mso-yfti-firstrow: yes\">\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"358\" colspan=\"3\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"right\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 9pt\">US$ (In Millions)<\/font><\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 1\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Particulars<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" width=\"124\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Gross Profit<\/font><\/span><\/b><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" width=\"122\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"center\"><b><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Net Income<\/font><\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 2\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Q1 2015<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"124\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"right\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">1,382<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"122\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"right\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">239<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 15pt; mso-yfti-irow: 3; mso-yfti-lastrow: yes\">\n<td style=\"border-bottom: 1pt solid; border-left: 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"112\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">Q1 2016<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"124\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"right\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">1,209<\/font><\/span><\/p>\n<\/td>\n<td style=\"border-bottom: 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; border-top: medium none; border-right: 1pt solid; padding-top: 0in; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt\" height=\"20\" valign=\"bottom\" width=\"122\" nowrap=\"nowrap\">\n<p style=\"line-height: normal; margin: 0in 0in 0pt\" class=\"MsoNormal\" align=\"right\"><span style=\"mso-ascii-font-family: calibri; mso-fareast-font-family: &#39;Times New Roman&#39;; mso-hansi-font-family: calibri; mso-bidi-font-family: &#39;Times New Roman&#39;\"><font style=\"font-size: 11pt\">127<\/font><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<h1>Restructuring <\/h1>\n<p align=\"justify\">In an effort to control its costs and improve profitability,the&#160; clothing retailer&#160; will close its fleet of 53 Old Navy stores in Japan. All in all it will be closing 75 stores in an effort to save $275 million annually. As part of this restructuring, Old Navy will close stores in Japan and focus on growth in North America and China. The brand saw a 6 percent global same-store sales decline in the quarter. Gap emphasized that Japan remains an important market for the company&#8217;s portfolio and that 200 Gap and Banana Republic stores will remain in the country.<\/p>\n<p align=\"justify\">Many of Gap&#8217;s problems are those facing other retailers as well, analysts said. Shoppers are reluctant to spend on clothing, and many aren&#8217;t rushing to the mall &#8212; this time of year is particularly slow for retailers.&#160; Macy&#8217;s, Kohl&#8217;s and Nordstrom all reported disappointing first-quarter results. Also Gap never evolved beyond its reputation as a place for clean-cut basics. While other retailers such as J. Crew&#160;&#160; and Urban Outfitters updated their aesthetic to keep up with changing times, Gap never successfully managed to modernize.&#160; And this is justified by the fact that Gap shares are down more than 50 per cent since the beginning of 2015.<\/p>\n<p><a href=\"http:\/\/www.denimsandjeans.com\/wp-content\/uploads\/2016\/07\/image-7.png\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px\" title=\"GAP Q1 2016 | Denimsandjeans.com\" border=\"0\" alt=\"GAP Q1 2016 | Denimsandjeans.com\" src=\"http:\/\/www.denimsandjeans.com\/wp-content\/uploads\/2016\/07\/image_thumb-7.png\" width=\"800\" height=\"397\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gap Inc.\u00e2\u20ac\u2122s comparable sales for the first quarter of fiscal year 2016 were down 5 percent versus a 4 percent decrease last year. Comparable sales by global brand for the first quarter were as follows: &#160; Gap Global: negative 3 percent versus negative 10 percent last year Banana Republic Global: negative 11 percent versus negative [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1318],"tags":[1476],"class_list":["post-21647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denim-data-figures","category-news","tag-gap"],"_links":{"self":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts\/21647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/comments?post=21647"}],"version-history":[{"count":0,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts\/21647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/media\/21651"}],"wp:attachment":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/media?parent=21647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/categories?post=21647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/tags?post=21647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}