Gap's Brand Turnaround in Motion as Lululemon Hits New Highs in Global Sales
Gap(GPS) PYMNTS.com·2024-08-31 05:30
As the retail sector faces a complex mix of opportunities and challenges, Gap and Lululemon are charting distinct courses in their recent earnings reports. While Gap focuses on revitalizing its core brands during ongoing operational hurdles, Lululemon is capitalizing on international growth and stellar performance in athleisure.Gap’s Brand RefreshUnder CEO Richard Dickson, Gap has shown resilience in its efforts to rejuvenate its brand portfolio. The company reported a 5% increase in second-quarter net sale ...