Old Navy
| Use attributes for filter ! | |
| Web site | oldnavy.gap.com |
|---|---|
| Customer service | 00 1 614-744-3908 |
| Parent organizations | Gap Inc. |
| Headquarters | San Francisco |
| California | |
| United States | |
| Founders | Mickey Drexler |
| Founded | San Francisco |
| California | |
| United States | |
| Number of locations | 1,106 |
| Address | Salem Al Mubarak، Salmiya |
| Hours | Open ⋅ Closes 10PM |
| Phone | 2220 8242 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 654317 |
About Old Navy
Old Navy is an American clothing and accessories retailing company owned by American multinational corporation Gap Inc. It has corporate operations in the Mission Bay neighborhood of San Francisco.
Where is the Old Navy
Apparel chain Gap posts near-£1 billion loss due to coronavirus
clothing-apparel chain Gap reported a loss of close to $1 billion because of store closures due to the Corona Virus pandemic.
The Company was $932m (£740m) in red for three months-may, compared with a profit of $227m in the same period Last Year .
It Comes as a gap, wrote of the value of the goods they are holding, More Than a quarter of a billion dollars.
The Company 's shares fell by More Than 8% in after-hours trading.
With a turnover 43% fall in the period, Cap chief executive Sonia Syngal, they said, to reflect "material declines in may as a result of closures", but added that the online-improve demand.
retailers of non-essential goods, in particular clothing, hard to help slow the spread of Covid-19 been hit by restrictions specifically.
shops have already closed in many parts of The World , as traders were forced to limit The Company in online mode.
San Francisco-based gap, which operates nearly 2,800 branches in North America , said that More Than half of its Company -operated stores in the US have now re-opened.
Separately, the gap is closed sued by Americas largest shopping mall operators for the refusal to pay the rent for the stores, temporarily, while the Corona-Virus-pandemic.
Simon Property Group, said in a lawsuit filed This Week , the clothing retailer owes three months ' rent in the total amount of $65. 9m.
Cap has More Than 390 stores in Indianapolis-based Simon malls, including its namesake brand, Old Navy , and Banana Republic .
Simon Property Group temporarily closed, all of its properties, which is in March after the large retailers in its shopping malls, such as the Gap, Macy's, and Nodstrom, close their shops.
Large retailers such as the Gap and the sports-Shoe Seller Foot Locker , have said they do not pay rent for the shops to close were forced to would the due to the pandemic.
gap is not directly the action call on Thursday earnings conference call, but chief financial officer Katrina O'connell said: "We are knee-deep in the landlord today. "
"It is very difficult to say how long it will take, but I know that one of our primary goals is to take advantage of this opportunity to come into partnership with our landlords, with better profitability for The Company . "
Source of news: bbc.com
