Gap February net sales decline 2 percent

Gap net sales for the four-week period ended February 27, 2016 were 888 million dollars compared with net sales of 918 million dollars for the four-week period ended February 28, 2015. On a constant currency basis, February 2016 net sales decreased 2 percent compared with last year.

“We are encouraged by the initial customer response to Gap brand’s spring collection and we remain focused on improving results across our portfolio,” said Sabrina Simmons, Chief Financial Officer of Gap.

Gap’s comparable sales for February were down 2 percent versus a 4 percent decrease last year. Comparable sales at Gap Global were flat versus negative 7 percent last year, at Banana Republic Global: negative 11 percent versus negative 5 percent last year and at Old Navy Global, flat versus flat last year.

 

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