Gap same-store growth slows in August
San Francisco – Gap reported same-store sales growth in its three global retail brands in August of this year that was significantly lower than in the same month last year. Gap global same-store sales rose 2% compared to 6% last year. At Banana Republic, same-store sales increased 2% compared to 8% last year, and Old Navy same-store sales grew 1% compared to 12% last year.
Net sales for the month were $1.23 billion, up 2.5% from net sales of $1.2 billion for the same month last year.