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104
Fashion Jobs
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Supervisor / Assistant Sales Supervisor (Fmcg)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Manager, hk & Macau
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Executive / Assistant Sales Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Assistant Merchandising Manager / Merchandising Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Retail Operations Manager (Station in Kuala Lumpur, Malaysia)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Assistant Visual Merchandising Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Director
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Sales Manager (Printing/Paper Packaging)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Asia Sales Director
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Business System Analyst
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Baby Wear) - Dongguan
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Technical Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Purchaser
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager - Apparel And Sports Goods (Station in Shanghai, Prc)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Finance Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Sales Manager/ Sales Executive
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Manager (Sweater)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Garment Technician - Lingerie
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales & Marketing Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Garment Technician (Woven)
Permanent · CLEARWATER
PUMA
Executive, Key Account - Partner Store
Permanent · Hong Kong
PUMA
Manager, Sales
Permanent · Hong Kong
By
Reuters
Published
May 28, 2021
Reading time
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Gap raises 2021 forecasts as apparel shopping gains momentum

By
Reuters
Published
May 28, 2021

Gap Inc raised its forecast for annual sales and profit, expecting an unabated surge in demand for new apparel as more people begin to step out and socialize after a year of hunkering down at home due to the pandemic.


First-quarter net sales surged 89% to $3.99 billion from a year earlier, beating expectations of $3.45 billion - Gap Inc


The San Francisco-based retailer's shares, which have gained nearly 75% this year, rose 2% in extended trading on Thursday after Gap swung to a first-quarter profit.

Following what is seen as a boom quarter for the retail sector, Gap is also reaping its benefits after having suffered at the peak of the health crisis last year that followed years of weak sales due to intense competition and a shift to online shopping.

Since last year's low, Chief Executive Officer Sonia Syngal has worked to revive the company's brands through celebrity partnerships, including those with rapper Kanye West's Yeezy and Olympic gymnast Simone Biles, and a focus on online selling.

"We saw a resurgence in summer fashion with dresses rebounding, showing that customers are emerging from the crisis wanting to express their style," Syngal said.

She expects digital sales to sustain even as store traffic returns, and demand for active and fleece apparel to grow as people look for comfort and convenience.

Gap expects fiscal 2021 net sales to grow in the low-to-mid 20% range from a year earlier, compared with its prior projection of mid-to-high teens rise.

Analysts were forecasting sales growth of 17.8%, according to IBES data from Refinitiv.

Gap sees diluted earnings between $1.55 and $1.70 per share, up from its prior forecast of $1.20 to $1.35.

First-quarter net sales surged 89% to $3.99 billion from a year earlier, beating expectations of $3.45 billion.

Net income stood at $166 million compared with a loss of $932 million. On an adjusted basis, Gap earned 48 cents per share.

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