GAP INC. REPORTS JULY SALES UP 1 PERCENT; COMPARABLE STORE SALES DOWN 7 PERCENT By admin Published: August 10, 2007
GAP INC. REPORTS JULY SALES UP 1 PERCENT; COMPARABLE STORE SALES DOWN 7 PERCENT SAN FRANCISCO – August 9, 2007 – Gap Inc. (NYSE: GPS) today reported net sales of $1.054 billion for the four-week period ended August 4, 2007, which is an increase of 1 percent compared to net sales of $1.047 billion for the four-week period ended July 29, 2006. Due to the 53rd week in fiscal year 2006, July 2007 comparable store sales are compared to the four-week period ended August 5, 2006. On this basis, the company’s comparable store sales for July 2007 decreased 7 percent compared with a 4 percent decrease as reported in July 2006. Read More...
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