The FINANCIAL — Gap Inc. on June 5 reported that net sales for the four-week period ended May 30, 2015 were $1.25 billion compared with net sales of $1.27 billion for the four-week period ended May 31, 2014.
“We’re pleased with Old Navy’s continued momentum and we remain focused on consistently delivering higher levels of performance across our portfolio,” said Sabrina Simmons, chief financial officer, Gap Inc.
May Comparable Sales Results
Gap Inc.’s comparable sales for May 2015 were down 1 percent versus a 1 percent increase last year. Comparable sales by global brand for May 2015 were as follows:
Gap Global: negative 6 percent versus negative 3 percent last year
Banana Republic Global: negative 5 percent versus positive 3 percent last year
Old Navy Global: positive 6 percent versus positive 2 percent last year
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