Gap (NYSE: GPS), an American worldwide clothing and accessories retailer, was featured in a recent LikeFolio analysis report that discussed a hefty but limited increase in demand for leisurewear during the COVID lockdowns, and Gap’s Athleta brand’s continued strong performance. The report, written by LikeFolio Founder Andy Swan, reads, “Athleta purchase intent mentions rose +24% YoY in the 4th quarter of 2020 (ended 1/31/21), a 4th consecutive quarter with YoY growth. GPS reported that Athleta grew 16% in 2020, surpassing $1 billion in revenue for the year. A telling sign of Athleta’s current strength is its relative outperformance when compared with its largest competitor in the U.S, Lululemon (NASDAQ: LULU). Athleta’s Demand growth and Consumer Happiness (79% positive) are both higher than those of LULU. Still, it has a long way to go before it can challenge Lululemon’s massive volume advantage, representative by the size of each circle on the chart below.”
About Gap Inc.
The Gap Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates six primary divisions: Gap, Banana Republic, Old Navy, Intermix, Hill City, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is third in total international locations, behind Inditex Group and H&M. As of September 2008, the company has approximately 135,000 employees and operates 3,727 stores worldwide, of which 2,406 are located in the U.S. For more information about the company, visit www.GapInc.com.
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