Gap Ireland boosts profits

The Irish arm of US retail clothing giant Gap outperformed the firm’s global business last year as pre-tax profits increased to €863,215.

In the 12 months to the end of January 2016, sales and profits dropped at Gap’s global operations.

However, new accounts for the firm’s Irish operation, Gap Stores (Ireland) Ltd show that the company bucked the worldwide trend to increase profits though only marginally.