Gap to expand e-commerce reach on global basis
San Francisco Gap said Thursday that it has upped international shipping offerings on its e-commerce site to 55 countries, including Australia, Brazil and Mexico, and by year-end will make online shopping available in up to 65 countries.
Gap said for the first time Old Navy will be available to customers outside North America and for the first time customers outside of the U.S. can shop online and have items shipped from the Gap, Banana Republic, Old Navy, Piperlime and Athleta e-commerce sites.
“Online is an efficient way to reach new international customers and test the waters for our brands,” said Toby Lenk, president of Gap Direct, the company’s e-commerce division. “We’ve put together an aggressive program to grow our e-commerce business from one country to 65 countries this year while continuing to make the shopping experience easier and more convenient.”
Gap said it is building in-country fulfillment and launching dedicated e-commerce sites later this month for Canada and the United Kingdom, countries where it has an established store and customer base. In addition, Gap will offer international shipping on its U.S. e-commerce site. As part of the plan, Gap said it has partnered with FiftyOne, an international e-commerce expert, to facilitate online sales to international customers.
At checkout, international customers get a guaranteed order total up front in their own currency, including international duty, tax, and delivery costs, with a guaranteed exchange rate. FiftyOne ships the items from its facilities and provides an estimated delivery timeframe and global tracking number.
Earlier this year, Gap announced that it has partnered with an e-commerce company, Shanghai Yi Shang Network Information Co., Ltd., in China to offer Chinese customers the opportunity to shop for Gap products online this fall.
Staples names head of foundation division
FRAMINGHAM, Mass. Staples has announced the appointment of Mike Miles as president of Staples Foundation for Learning, the charitable arm of Staples Inc.
Miles, Staples’ president and COO, succeeds Ron Sargent, Staples’ chairman and CEO, as head of the foundation.
“As we continue to build SFFL, we look forward to further engaging our senior executives in contributing to the growth and development of the organization,” said Sargent. “The foundation is in good hands under Mike’s leadership and I look forward to providing my continued support toward the great work the team is doing.”
Since its launch in 2002, Staples Foundation for Learning has contributed to nearly 1,000 non-profit organizations, Staples reported.
Macy’s quarterly earnings see significant growth
CINCINNATI Macy’s reported earnings of 35 cents per diluted share for the second quarter of 2010, ended July 31. According to the company, this significant earnings increase over the second quarter of last year was driven by higher-than-expected sales, improved margins, a reduced expense rate and disciplined inventory management.
“We believe our business is beginning to hit its stride after implementing significant structural and organizational changes over thepast two years. While the economic environment remains uncertain, Macy’s and Bloomingdale’s have a terrific opportunity to continue to take market share and grow our business profitably,” said Terry Lundgren, Macy’s Inc. chairman, president and CEO.
In the second quarter of 2009, Macy’s earned 2 cents per diluted share.
Sales in the second quarter totaled $5.537 billion, up 7.2% from total sales of $5.164 billion in the second quarter of 2009. On asame-store basis, Macy’s Inc.’s second quarter sales were up 4.9%.
Macy’s Inc. currently expects same-store sales in the second half of fiscal 2010 to be up in the range of 3% to 3.5%, whichwould result in full-year 2010 same-store sales to be up between 4% and 4.2%. At the beginning of the year, the company’sinitial guidance was for a 2010 same-store sales increase of 1% to 2%. At the end of the first quarter, full-year same-storesales guidance was raised to up 3% to 3.5%, reflecting improvement in the business trend.
Based on stronger sales expectations, Macy’s Inc. is increasing its full-year 2010 earnings guidance to $1.85 to $1.90 per diluted share.This compares with previous guidance of $1.75 to $1.80 per diluted share, and initial earnings guidance of $1.55 to $1.60 per diluted share provided at the beginning of the year.