Apparel Specialty

Old Navy was $8.66B of FY2025's $15.37B. Athleta was $1.22B and down 9%. Gap brand $3.50B, Banana Republic $1.92B.

Hollister grew 15% to $2.74B. The Abercrombie family of brands was $2.52B, down 1%. Group $5.27B, up 6%.

FY2025 10-K segments: AE $3.41B, Aerie $1.94B. Digital was 39% of revenue. Aerie comps were +9% for the year.

Anthropologie is still the largest banner at $2.59B. Nuuly / subscription hit $568M, up 50.2%. Group $6.17B, up 11.1%.