The Gap 2006 Annual Report Download - page 34

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RESULTS OF OPERATIONS
Net Sales
Net Sales by Brand, Region and Channel
Net sales consist of retail sales, online sales and shipping fees received from customers for delivery of
merchandise. Outlet retail sales are reflected within the respective results of each brand. Fiscal 2006 had 53
weeks versus 52 weeks in fiscal 2005 and 2004. Net sales numbers for the quarter and year include this
additional week; however, comparable stores sales calculations exclude the 53rd week. Net sales for the 53rd
week of fiscal 2006 were $200 million. Net sales by brand, region and channel are as follows:
53 Weeks Ended February 3, 2007 Gap Old Navy
Banana
Republic Other (3) Total
Net Sales ($ in millions)
North America (1) Stores $4,873 $6,484 $2,370 $ 20 $13,747
Direct (Online) 261 345 117 7 730
Europe Stores 792 — — — 792
Asia Stores 581 — 61 — 642
Other Regions (2) — — — 32 32
Total $6,507 $6,829 $2,548 $ 59 $15,943
Global Sales Growth (Decline) (5)% — 11% 103% —
52 Weeks Ended January 28, 2006 Gap Old Navy
Banana
Republic Other (3) Total
Net Sales ($ in millions)
North America (1) Stores $5,176 $6,588 $2,196 $ 5 $13,965
Direct (Online) 233 268 91 3 595
Europe Stores 825 — — — 825
Asia Stores 603 — 14 — 617
Other Regions (2) — — — 21 21
Total $6,837 $6,856 $2,301 $ 29 $16,023
Global Sales Growth (Decline) (6)% 2% 1% — (2)%
52 Weeks Ended January 29, 2005 Gap Old Navy
Banana
Republic Other (3) Total
Net Sales ($ in millions)
North America (1) Stores $5,510 $6,511 $2,178 $— $14,199
Direct (Online) 236 236 91 — 563
Europe Stores 879 — — — 879
Asia Stores 591 — — — 591
Other Regions (2) 24 — — 11 35
Total $7,240 $6,747 $2,269 $ 11 $16,267
Global Sales Growth (Decline) (1)% 5% 9% — 3%
(1) North America includes the United States, Canada, and Puerto Rico.
(2) Other Regions includes our wholesale business and our franchise business which began in September 2006.
(3) Other includes Forth & Towne beginning August 2005, our franchise business beginning September 2006,
Piperlime.com beginning October 2006, and Business Direct which ended in July 2006.
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