Discount Apparel Sales Growth
They will come to the mall and buy your stuff if they feel like they’re getting a deal. Gap Inc. and Ross Stores Inc. have been posting sales that exceed analyst estimates. Gap’s sales, powered by Old Navy, rose 3 percent in the latest quarter. At Ross, comparable sales growth was 4 percent. Both are succeeding in a challenging retail environment.
Why?
Both are offering cut-rate prices.