Athleta Accelerates Through Second Quarter
Sales at the Gap-owned activewear chain continued to accelerate in Q2, as it cleared out slow-selling swim product and improved inventory productivity. Athleta and Intermix sales, which GPS reports in its Other segment, increased 25% to $331 million in the quarter ended Aug. 3 from $264 million last year. Athleta has opened 10 stores year-to-date to end the period with 171, and is on track to hit 185 by ... Log in to view full article.