US: Gap comparable sales increase 9% in August
- Comparable store sales up 9%
- Net sales rise 9.1%
US clothing giant Gap Inc has posted a 9% rise in comparable store sales during August, after "strong" back-to-school sales.
Net sales increased 9.1% to US$1.20bn during the four-week period ended 27 August.
The San Francisco-based retailer saw positive gains across its North America business, after comparable sales increased 9% at Gap, 8% at Banana Republic and 12% at Old Navy.
However, comparable sales for its international division slipped 2% against a 9% decline last year.
"Our August results underscore our focus to deliver trend-right product supported by great store execution," said chairman and CEO Glenn Murphy. "In addition, we drove strong back-to-school sales, particularly at Old Navy."
Year-to-date net sales climbed 6% to $ $8.26bn, while year-to-date comparable sales edged up 4%, compared to a 3% decline last year.
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