US Apparel Retailer GAP Declined 36% In The Three Quarter.

Beijing time on November 18th morning, american apparel retailer GAPInc (GPS) local time 17, said its third quarter profit fell by 36%, and confirmed that the challenges faced by the clothing company will continue to the holiday shopping season.

The three brands GAP, Banana Republic and Old Navy, which are based in San Francisco, have been trying to restore their old fashion status for many years. According to reports, especially its GAP brand in a chain store in North America. Sales volume This is the lowest in 6 years, which is a key to whether the retailing industry is still strong.

Continued efforts to increase discounts and increase costs can only aggravate the company's troubles.

The company has closed or reduced some of its Gap chain stores. Last month, it had detailed plans to close its 189 regional chain stores by the end of 2013, accounting for the United States. Chain store 21%. At the same time, the Gap chain store in China aims to increase three times the current number, which will expand from 15 in next month to 45 in a year.