Unidentified Speaker
Certain statements contained in this presentation constitute forward-looking statements that are subject to the Safe Harbor provisions of the private securities litigation reform act of 1995. The forward-looking statements typically use words such as believe, anticipate, should, intend, plan, will, expect, estimate, project, position, strategy, seek, may, could, and similar expressions. These are based on assumptions and assessments made by the Company s management in light of experience or perception of historical trends, current conditions, expected future developments and other factors that the Company believes to be appropriate.
These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation, product demand; energy prices; weather; competition; credit market conditions; cash flows; access to available and feasible financing; future stock repurchases; the impact of recessionary conditions; consumer debt leve
Operator
Good afternoon, ladies and gentlemen. My name is James, and I will be your conference operator today. At this time, I d like to welcome everyone to The Gap Inc. fourth-quarter 2020 conference call.
[Operator instructions] I would now like to introduce your host, Steve Austenfeld, head of investor relations.
Steve Austenfeld
Head of Investor Relations
Great. Thanks, James. Hey, good afternoon, everyone, and welcome to Gap Inc. s fourth-quarter 2020 earnings conference call. Before we begin, I d like to remind you that the information made available on this webcast and earnings call contains forward-looking statements.
For information on factors that could cause our actual results to differ materially from any forward-looking statements, as well as a description and reconciliation of any financial measures not consistent with generally accepted accounting principles, please refer to Page 2 of the slides shown on the Investors section of our website, gapinc.com, which
Monday, February 22, 2021
Since March 2020, the COVID-19 pandemic has impacted virtually all aspects of our daily lives. Zoom meetings have replaced conference room gatherings. Kids attend classes from kitchen tables. Family movie nights are likely to involve a first-run film streamed to a television, not a trip to the local cinema.
The retail sector certainly has felt the upheaval of the pandemic. But despite what some may think, not all of the news is bad. Retailers have found new ways to connect with, and serve, customers, particularly through e-commerce. Retail sales numbers for Q3 and Q4 2020 prove that customers are willing to spend both on line and in stores but their expectations for the shopping experience have changed.