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Form 8-K GAP INC For: Jan 07

January 7, 2016 4:23 PM EST


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
_____________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report
(Date of earliest event reported)

January 7, 2016

THE GAP, INC.

(Exact name of registrant as specified in its charter)

Delaware
 
1-7562
 
94-1697231
(State of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)




Two Folsom Street
San Francisco, California
 
94105
(Address of principal executive offices)
 
(Zip Code)
(415) 427-0100
(Registrant’s telephone number,
including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))







Item 7.01.    Regulation FD Disclosure

On January 7, 2016, The Gap, Inc. (the “Company”) issued a press release announcing the Company’s sales for the fiscal month ended January 2, 2016. A copy of this press release is attached hereto as Exhibit 99.1.


Item 9.01.    Financial Statements and Exhibits

99.1
Press Release dated January 7, 2016





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




 
THE GAP, INC.
 
 
(Registrant)
 
 
 
 
 
 
 
 
 
Date:
January 7, 2016
 
By:
/s/ Sabrina L. Simmons
 
 
 
Sabrina L. Simmons
 
 
 
Executive Vice President and
 
 
Chief Financial Officer
 






EXHIBIT INDEX



Exhibit Number
Description
 

99.1
Press Release dated January 7, 2016



Exhibit 99.1

GAP INC. REPORTS DECEMBER SALES RESULTS

SAN FRANCISCO – January 7, 2016 – Gap Inc. (NYSE: GPS) today reported that net sales for the five-week period ended January 2, 2016 decreased 4 percent to $2.01 billion, compared with net sales of $2.10 billion for the five-week period ended January 3, 2015.

On a constant currency basis, December 2015 net sales decreased 3 percent when compared with last year. 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.

“As we bring the holiday season to a close, we look forward to delivering new Spring collections across our brands,” said Sabrina Simmons, chief financial officer of Gap Inc.

December Comparable Sales Results
Gap Inc.’s comparable sales for December 2015 were down 5 percent versus a 1 percent increase last year. Comparable sales by global brand for December 2015 were as follows:

Gap Global: negative 2 percent versus negative 5 percent last year

Banana Republic Global: negative 9 percent versus flat last year

Old Navy Global: negative 7 percent versus positive 8 percent last year

Additional insight into Gap Inc.’s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:15 p.m. Pacific Time on January 7, 2016 and available for replay until 1:15 p.m. Pacific Time on January 15, 2016.

January Sales
The company will report January sales at 1:15 p.m. Pacific Time on Monday, February 8, 2016.

About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Investor Relations Contact:
Jack Calandra
(415) 427-1726

Media Relations Contact:
Jennifer Poppers
(415) 427-1729



    


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