Gap (GPS) March Comps Down 13%

Gap Inc. (NYSE: GPS) said comparable store sales for March 2006 decreased 13 percent compared with a 4 percent decrease in March 2005. Net sales were $1.35 billion for the five-week period ended April 1, 2006, which represents a 9 percent decrease compared with net sales of $1.47 billion for the same period ended April 2, 2005.

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