0000039911-15-000213.txt : 20151203 0000039911-15-000213.hdr.sgml : 20151203 20151203162052 ACCESSION NUMBER: 0000039911-15-000213 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151203 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151203 DATE AS OF CHANGE: 20151203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GAP INC CENTRAL INDEX KEY: 0000039911 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 941697231 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07562 FILM NUMBER: 151267616 BUSINESS ADDRESS: STREET 1: TWO FOLSOM STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 6509524400 MAIL ADDRESS: STREET 1: TWO FOLSOM STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: GAP STORES INC DATE OF NAME CHANGE: 19850617 8-K 1 november20158-ksalesrelease.htm 8-K 8-K


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)

December 3, 2015

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 December 3, 2015, The Gap, Inc. (the “Company”) issued a press release announcing the Company’s sales for the fiscal month ended November 28, 2015. 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 December 3, 2015




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:
December 3, 2015
 
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 December 3, 2015



 EX-99.1 2 november2015salesrelease.htm EXHIBIT 99.1 Exhibit
Exhibit 99.1

    
GAP INC. REPORTS NOVEMBER SALES RESULTS

SAN FRANCISCO - December 3, 2015 - Gap Inc. (NYSE: GPS) today reported that November 2015 net sales decreased 9 percent compared with a 6 percent increase last year. On a constant currency basis, November 2015 net sales decreased 8 percent compared with last year.1 Net sales for the four-week period ended November 28, 2015 were $1.57 billion compared with net sales of $1.72 billion for the four-week period ended November 29, 2014.

“With much of the holiday season still ahead, our teams remain focused on strong execution and delivering compelling experiences for customers across our brands,” said Sabrina Simmons, chief financial officer, Gap Inc.

November Comparable Sales Results
Gap Inc.’s comparable sales for November 2015 were down 8 percent versus a 6 percent increase last year. Comparable sales by global brand for November 2015 were as follows:

•
Gap Global: negative 4 percent versus negative 4 percent last year
•Banana Republic Global: negative 19 percent versus positive 2 percent last year
•Old Navy Global: negative 9 percent versus positive 18 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 December 3, 2015 and available for replay until 1:15 p.m. Pacific Time on December 11, 2015.

1In 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.

December Sales
The company will report December sales on January 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 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:             Media Relations Contact:
Jack Calandra                        Jennifer Poppers
(415) 427-1726                    (415) 427-1729
Investor_relations@gap.com                Press@gap.com