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This excerpt taken from the GPS 8-K filed Feb 25, 2010. Inventory On a year-over-year basis, the company reported that inventory per square foot was down 1 percent at the end of the fourth quarter. The company expects inventory per square foot at the end of the first quarter of fiscal year 2010 to be up in the mid-single digits compared with a 12 percent decline at the end of the first quarter of fiscal year 2009. Please see the Financials section under the Investors tab on www.gapinc.com for the company’s explanation of numerical range guidance. This excerpt taken from the GPS 8-K filed Nov 19, 2009. Inventory On a year-over-year basis, the company reported that inventory per square foot was down 9 percent at the end of the third quarter of fiscal year 2009. At the end of the fourth quarter of fiscal year 2009, the company expects inventory per square foot to be about flat compared with the fourth quarter of fiscal year 2008. Please see the Financials section under the Investors tab on www.gapinc.com for the company’s explanation of numerical range guidance. This excerpt taken from the GPS 8-K filed Aug 20, 2009. Inventory On a year-over-year basis, the company reported that inventory per square foot was down 14 percent at the end of the second quarter. At the end of the third quarter of fiscal year 2009, the company expects inventory per square foot to be down in the high-single digits compared with the third quarter of fiscal year 2008. Please see the Financials section under the Investors tab on www.gapinc.com for the company’s explanation of numerical range guidance. This excerpt taken from the GPS 8-K filed May 21, 2009. Inventory On a year-over-year basis, the company reported that inventory per square foot was down 12 percent at the end of the first quarter. At the end of the second quarter of fiscal year 2009, the company expects inventory per square foot to be down in the low-double digits compared with the second quarter of fiscal year 2008. Please see the Financials section under the Investors tab on www.gapinc.com for the company’s explanation of numerical range guidance. These excerpts taken from the GPS 10-K filed Mar 27, 2009. Inventory The cyclical nature of the retail business requires us to carry a significant amount of inventory, especially prior to peak selling seasons when we and other retailers generally build up our inventory levels. We review our inventory levels in order to identify slow-moving merchandise and broken assortments (items no longer in stock in a sufficient range of sizes) and use markdowns to clear merchandise. Because we do not carry much replenishment inventory in our stores, much of our inventory is maintained in distribution centers. Also see the section entitled “Risk Factors—We must successfully gauge fashion trends and changing consumer preferences to succeed” in Item 1A of this Form 10-K. Inventory build up our inventory levels. We review our inventory levels in order to identify slow-moving merchandise and broken assortments (items no longer in stock in a sufficient range of sizes) and use markdowns to clear merchandise. Because we do not carry much replenishment inventory in our stores, much of our inventory is maintained in distribution centers. Also see the section entitled “Risk Factors—We must successfully gauge fashion trends and changing consumer preferences to succeed” in Item 1A of this Form 10-K. This excerpt taken from the GPS 8-K filed Feb 26, 2009. Inventory On a year-over-year basis, the company reported that inventory per square foot was down 6 percent at the end of the fourth quarter compared with a 15 percent decline as reported at the end of the fourth quarter of fiscal year 2007. The company expects the percentage change in inventory per square foot on a year-over-year basis to be down in the high single digits at the end of the first quarter of fiscal year 2009, versus a 17 percent decrease in the first quarter of fiscal year 2008. Please see the Financials Section on www.gapinc.com for the company’s explanation of numerical range guidance. This excerpt taken from the GPS 8-K filed Nov 20, 2008. Inventory On a year-over-year basis, the company reported that inventory per square foot was down 13 percent at the end of the third quarter. At the end of the fourth quarter of fiscal year 2008, the company expects inventory per square foot to be down in the high-single digits compared with the fourth quarter of fiscal year 2007. This reduction is on top of a 15 percent decline as reported at the end of the fourth quarter of fiscal year 2007. Please see the Financials section on www.gapinc.com for the company’s explanation of numerical range guidance. This excerpt taken from the GPS 8-K filed Aug 21, 2008. Inventory On a year over year basis, the company reported that inventory per square foot was down 17 percent at the end of the second quarter. Looking toward the third quarter of 2008, the company expects inventory per square foot to be down in the mid teens compared with the third quarter of 2007. Please see the Financials section on www.gapinc.com for the company’s explanation of numerical range guidance. This excerpt taken from the GPS 8-K filed May 22, 2008. Inventory On a year over year basis, the company reported that inventory per square foot was down 17 percent at the end of the first quarter. Looking toward the second quarter of 2008, the company expects inventory per square foot to be down in the mid teens compared with the second quarter of 2007. Please see the financials section on www.gapinc.com for the company’s explanation of numerical range guidance. These excerpts taken from the GPS 10-K filed Mar 28, 2008. Inventory The cyclical nature of the retail business requires us to carry a significant amount of inventory, especially prior to peak selling seasons when we and other retailers generally build up our inventory levels. We review our inventory levels in order to identify slow-moving merchandise and broken assortments (items no longer in stock in a sufficient range of sizes) and use markdowns to clear merchandise. Because we do not carry much replenishment inventory in our stores, much of our inventory is maintained in distribution centers. Also see the section entitled “Risk Factors—We must successfully gauge fashion trends and changing consumer preferences to succeed” in Item 1A of this Form 10-K. Inventory build up our inventory levels. We review our inventory levels in order to identify slow-moving merchandise and broken assortments (items no longer in stock in a sufficient range of sizes) and use markdowns to clear merchandise. Because we do not carry much replenishment inventory in our stores, much of our inventory is maintained in distribution centers. Also see the section entitled “Risk Factors—We must successfully gauge fashion trends and changing consumer preferences to succeed” in Item 1A of this Form 10-K. This excerpt taken from the GPS 8-K filed Feb 28, 2008. Inventory The company reported that year-over-year inventory per square foot decreased 15 percent at the end of the fourth quarter compared with an increase of 2 percent at the end of the fourth quarter of fiscal year 2006. The company expects the percentage change in inventory per square foot on a year-over-year basis to be down in the low teens at the end of the first quarter of 2008, versus an 8 percent decrease in the first quarter of fiscal year 2007. Please see the financials section on www.gapinc.com for the company’s explanation of numerical range guidance. This excerpt taken from the GPS 8-K filed Nov 21, 2007. Inventory The company reported that inventory per square foot was down 8 percent at the end of the third quarter on a year-over-year basis as compared with flat inventory last year. The company continues to expect the percent change in inventory per square foot on a year-over-year basis to be down in the mid-single digits at the end of the fourth quarter of fiscal year 2007.
This excerpt taken from the GPS 8-K filed Aug 23, 2007. Inventory The company reported that inventory per square foot was down 6 percent at the end of the second quarter on a year-over-year basis as compared to being down 6 percent last year. The company now expects the percent change in inventory per square foot at the end of the third quarter in fiscal year 2007 to be down in the mid-single digits, compared with flat inventory in the third quarter of fiscal year 2006. The company expects the percent change in inventory per square foot at the end of the fourth quarter of fiscal year 2007 to be down in the mid-single digits. This excerpt taken from the GPS 8-K filed May 24, 2007. Inventory The company reported that inventory per square foot was down 8 percent at the end of the first quarter on a year-over-year basis as compared to being down 5 percent last year. The company now expects the percent change in inventory per square foot at the end of the second quarter in fiscal year 2007 to be down in the low-single digits, compared with a 6 percent decline in the second quarter of fiscal year 2006. The company expects the percent change in inventory per square foot at the end of the third quarter of fiscal year 2007 to be down in the low-single digits, compared with flat inventory per square foot in the third quarter of fiscal year 2006. This excerpt taken from the GPS 10-K filed Apr 2, 2007. Inventory The cyclical nature of the retail business requires us to carry a significant amount of inventory, especially prior to peak selling seasons when we and other retailers generally build up our inventory levels. We review our inventory levels in order to identify slow-moving merchandise and broken assortments (items no longer in stock in a sufficient range of sizes) and use markdowns to clear merchandise. Because we do not carry much replenishment inventory in our stores, much of our inventory is maintained in distribution centers. Also see the section entitled “Risk Factors—We must successfully gauge fashion trends and changing consumer preferences to succeed” below in Item 1A. This excerpt taken from the GPS 8-K filed Mar 1, 2007. Inventory The company reported that year over year inventory per square foot increased 2 percent at the end of the fourth quarter. The company expects the change in inventory per square foot to be flat at the end of both the first quarter and second quarter of 2007, versus a 5 percent decrease in the first quarter of fiscal year 2006 and a 6 percent decrease in the second quarter of fiscal year 2006.
This excerpt taken from the GPS 8-K filed Nov 16, 2006. Inventory The company reported that inventory per square foot was flat at the end of the third quarter compared with a 7 percent decline in the third quarter of the prior year. The percent increase in inventory per square foot at the end of the fourth quarter is still expected to be in the low-single digits, compared with an 11 percent decrease last year. Inventory per square foot at the end of the first quarter of fiscal 2007 is expected to be flat, compared with a 5 percent decrease in the first quarter of the prior year. This excerpt taken from the GPS 8-K filed Aug 17, 2006. Inventory The company reported that inventory per square foot was down 6 percent at the end of the second quarter as compared to a 3 percent decline in the second quarter of the prior year. Inventory per square foot at the end of the third quarter is expected to be flat, compared with a 7 percent decrease last year. Inventory per square foot for the fourth quarter is expected to be up in the low-single digits compared with an 11 percent decrease last year. This excerpt taken from the GPS 8-K filed May 18, 2006. Inventory The company reported that inventory per square foot was down 5 percent at the end of the first quarter as compared to being up 5 percent last year. The company now expects inventory per square foot at the end of the second quarter to be flat, compared with a 3 percent decline in the second quarter of the prior year. Inventory per square foot at the end of the third quarter is expected to be flat, compared with a 7 percent decrease in the third quarter of the prior year. This excerpt taken from the GPS 10-K filed Mar 28, 2006. Inventory The cyclical nature of the retail business requires us to carry a significant amount of inventory, especially prior to peak selling seasons when we and other retailers generally build up our inventory levels. We review our inventory levels in order to identify slow-moving merchandise and broken assortments (items no longer in stock in a sufficient range of sizes) and use markdowns to clear merchandise. Because we do not carry much replenishment inventory in our stores, much of our inventory is maintained in distribution centers. Also see the section entitled “Risk Factors – We must successfully gauge fashion trends and changing consumer preferences to succeed” below in Item 1A.
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This excerpt taken from the GPS 8-K filed Feb 23, 2006. Inventory
The company reported that year over year inventory per square foot decreased 11 percent at the end of the fourth quarter. The company expects the percent decrease in inventory per square foot at the end of the first quarter of 2006 to be down in the low single digits, versus a 5 percent increase last year. The percent decrease in inventory per square foot at the end of the second quarter of 2006 is expected to be down in the low single digits versus a 3 percent decrease for the same period last year.
This excerpt taken from the GPS 8-K filed Nov 17, 2005. Inventory
Gap Inc. reported that inventory per square foot was down 7 percent at the end of the third quarter as compared to a 1 percent increase in the third quarter of the prior year. Inventory per square foot at the end of the fourth quarter is still expected to be flat, compared with a 6 percent increase last year. Inventory per square foot at the end of the first quarter 2006 is expected to be down in the low single digits, compared with a 5 percent increase in the first quarter of the prior year.
This excerpt taken from the GPS 8-K filed Aug 18, 2005. Inventory
The company reported that inventory per square foot was down 3 percent at the end of the second quarter as compared to a 7 percent decline in the second quarter of the prior year. Inventory per square foot at the end of the third quarter is expected to be down in the low single digits, compared with a 1 percent increase last year. Inventory per square foot for the fourth quarter is expected to be flat compared with a 6 percent increase last year.
This excerpt taken from the GPS 8-K filed May 19, 2005. Inventory
The company reported that inventory per square foot was up 5 percent at the end of the first quarter as compared to last year, primarily driven by the timing associated with the early receipt of merchandise. The company will continue its focus on inventory productivity, and expects inventory per square foot at the end of the second quarter to be down on a percentage basis in the low single digits, compared with a 7 percent decline in the prior year. Inventory per square foot at the end of the third quarter is also expected to be down in the low single digits, compared with a 1 percent increase last year.
This excerpt taken from the GPS 8-K filed Feb 24, 2005. Inventory
The company reported that inventory per square foot increased 6 percent year-over-year at the end of the fourth quarter. The company expects inventory per square foot at the end of the first quarter of 2005 to be flat, versus down 12 percent last year. Inventory per square foot at the end of the second quarter of 2005 is expected to be a low-single-digit decrease versus a 7 percent decrease for the same period last year.
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