US apparel retailer, GAP has recently reported rise in its Irish arm – GAP Stores (Ireland) Ltd. Its pre-tax profits grew from Euro 831,194 (£ 706,525) to € 863,215 (£ 733,441). However, in the 12 months period ending on January 2016, GAP’s global sales dropped impacting revenues to cascade down slightly from Euro 11.63 million (£ 9.89 million) to Euro 11.59 million (£ 9.85 million). GAP opened its first store in Ireland in 2006, and currently employs 96 people in the country.
Also Read – GAP posts third quarter results
Founded in 1969 by Donald Fisher and Doris E Fisher and headquartered in San Francisco California, the apparel brand operates five primary divisions: the namesake banner, Banana Republic, Old Navy, Intermix, and Athleta. GAP is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M.
