Banana Republic 2005 Annual Report Download - page 61

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G A P I N C . F I N A N C I A L S 2 0 0 5
gap inc. 2005 annual report 59
NOTE L: SEGMENT INFORMATION
We are primarily engaged in selling retail apparel through stores in North America, Europe and Asia. We identify our operating segments based on
management responsibility that include Gap North America, Banana Republic North America, Old Navy North America, International, Forth & Towne,
Outlet and Direct. Our stores sell merchandise under the Gap, Old Navy, Banana Republic, and Forth & Towne brand names. We consider our
operating segments to be similar in terms of economic characteristics, production processes, and operations, and have aggregated them into a single
reporting segment. We do not report Direct or Forth & Towne separately as they do not meet the quantitative threshold requirements of SFAS 131
“Disclosure about Segments of an Enterprise and Related Information.”
Net Sales by Brand and Region
Revenue from international retail operations, including Canada, was $2.4 billion, $2.4 billion, and $2.3 billion, and represented 14.9 percent, 14.6 percent
and 14.8 percent of our revenues for fiscal 2005, 2004 and 2003, respectively. Long-lived assets of our international operations, including Canada, were
$601 million and $646 million, and represented 17 percent of our long-lived assets for both fiscal 2005 and fiscal 2004.
Banana Percentage
Net Sales ($ in millions) Gap Old Navy Republic Other (3) Total of Net Sales
52 Weeks Ended January 28, 2006
North America (1) $ 5,409 $ 6,856 $ 2,287 $ 8 $ 14,560 91%
Europe 825 - - - 825 5%
Asia 603 - 14 - 617 4%
Other (2) - - - 21 21 0%
Total Company $ 6,837 $ 6,856 $ 2,301 $ 29 $ 16,023 100%
52 Weeks Ended January 29, 2005
North America (1) $ 5,746 $ 6,747 $ 2,269 $ - $ 14,762 91%
Europe 879 - - - 879 5%
Asia 591 - - - 591 4%
Other (2) 24 - - 11 35 0%
Total Company $ 7,240 $ 6,747 $ 2,269 $ 11 $ 16,267 100%
52 Weeks Ended January 31, 2004
North America (1) $ 5,777 $ 6,456 $ 2,090 $ - $ 14,323 90%
Europe 861 - - - 861 5%
Asia 610 - - - 610 4%
Other (2) 57 - - 3 60 0%
Total Company $ 7,305 $ 6,456 $ 2,090 $ 3 $ 15,854 100%
(1) North America includes the United States, Canada and Puerto Rico.
(2) Other includes our International Sales Program and Germany. In August 2004, we sold our stores and exited the market in Germany.
(3) Other includes Forth & Towne, Business Direct and International Sales Program.