Gap, Inc. (GPS) Nov. Comps Rose 6%

Gap, Inc. (NYSE: GPS) reported that November 2014 net sales increased 6 percent compared with last year. Net sales for the four-week period ended November 29, 2014 were $1.72 billion compared with net sales of $1.63 billion for the four-week period ended November 30, 2013.

“Old Navy delivered standout performance in November, with customers responding positively to the brand’s holiday assortment and marketing,” said Glenn Murphy, chairman and chief executive officer, Gap Inc. “With much of the holiday season still ahead, we remain focused on strong execution across all of our brands.”

November Comparable Sales Results

Gap Inc.’s comparable sales for November 2014 were up 6 percent versus a 2 percent increase last year. Comparable sales by global brand for November 2014 were as follows:

• Gap Global: negative 4 percent versus positive 2 percent last year
• Banana Republic Global: positive 2 percent versus negative 1 percent last year
• Old Navy Global: positive 18 percent versus positive 3 percent last year

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