Form 8-K GAP INC For: Jun 02
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E-mailUNITED 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)
June 2, 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 June 2, 2016, The Gap, Inc. (the “Company”) issued a press release announcing the Company’s sales for the fiscal month ended May 28, 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 June 2, 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: | June 2, 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 June 2, 2016 |
Exhibit 99.1
GAP INC. REPORTS MAY SALES RESULTS
SAN FRANCISCO - June 2, 2016 - Gap Inc. (NYSE: GPS) today reported that net sales for the four-week period ended May 28, 2016 decreased 5 percent to $1.18 billion, compared with net sales of $1.25 billion for the four-week period ended May 30, 2015. Gap Inc.’s comparable sales for May 2016 were down 6 percent versus a 1 percent decrease last year.
“As we move into the second quarter, we are continuing to make progress against our recently announced measures while maintaining the financial discipline we are known for,” said Sabrina Simmons, chief financial officer, Gap Inc.
Comparable sales by global brand for May 2016 were as follows:
• | Gap Global: negative 3 percent versus negative 6 percent last year |
• | Banana Republic Global: negative 11 percent versus negative 5 percent last year |
• | Old Navy Global: negative 7 percent versus positive 6 percent last year |
The company noted that while the overall month was challenging, performance improved leading into the Memorial Day holiday weekend.
As previously noted, the Sunday and Monday of the Memorial Day holiday fell in the fiscal month of June this year versus May last year, negatively impacting May sales results and benefitting June.
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 June 2, 2016 and available for replay until 1:15 p.m. Pacific Time on June 10, 2016.
June Sales
The company will report June sales at 1:15 p.m. Pacific Time on July 7, 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 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 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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