Gap Earned $130 Million in Face Mask Sales in Just Three Months
Gap has released their earnings report and a pretty shocking figure was revealed.
The company, which also owns Banana Republic, Old Navy, and Athleta, reported earnings of $130 million in face mask sales alone in the last quarter (which spans three months).
ABC News reports that Gap‘s overall net sales was down due to the pandemic, but online sales had a 95% increase compared to the same period last year.
“Our strong performance in the second quarter reflects the customer response to our brands, products and experiences, particularly as we’ve rapidly adapted to the changing environment,” CEO Sonia Syngal said in a statement. “I’m confident that our purpose driven lifestyle brands, size and scale, and advantaged digital capabilities are helping us win now and position us for growth in the future.”
Still looking for face masks?
- Purchase masks from the Gap right here
- Check out the Banana Republic masks right here
- Old Navy‘s masks can be found here
- Masks from Athleta can be purchased here
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