Gap (GPS) Sept Comps Down 11%
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Gap Inc. (NYSE: GPS) comparable store sales for September decreased 11%. Total net sales were $1.34 billion, down 6%.
CFOR Sabrina Simmons said, "While our September merchandise margins were significantly above last year, we have more work to do at Old Navy. As consumers continue to deal with economic uncertainty, we'll remain focused on delivering compelling reasons to make our brands their shopping destinations."
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