Gap (GPS) Feb Comps Down 6%
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Gap Inc. (NYSE: GPS) said comparable store sales for February 2008 decreased 6%. The company also reported net sales of $907 million.
Sabrina Simmons, executive vice president and chief financial officer at Gap Inc, said, "While overall results were mixed across our brands, total company merchandise margins were above last year. We will continue to manage inventory tightly as we bring summer product into our stores."
Sabrina Simmons, executive vice president and chief financial officer at Gap Inc, said, "While overall results were mixed across our brands, total company merchandise margins were above last year. We will continue to manage inventory tightly as we bring summer product into our stores."
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