USA: Gap Suffers 27th Same-Store Sales Slide
Troubled apparel giant Gap Inc on Thursday revealed it suffered a six per cent slide in same-store sales last month but said total sales climbed two per cent to $1.32 billion.
The San Francisco-based operator of 4,258 stores, including the Gap, Banana Republic and Old Navy banners, said same-store sales at its domestic and International Gap stores both fell seven per cent.