USA: Gap On The Slide As Comp Sales Fall To 14 Per Cent
Gap Inc (NYSE:GPS - news) today reported sales of $1.09bn for the four weeks ended August 26, 2000, an increase of 6 per cent over sales of $1.03 bn for the comparable period ended August 28, 1999. However, the company's comparable store sales for August 2000 were down 14 per cent, compared to an 8 per cent increase in August 1999. The company's August comparable store sales by division were as follows:
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