Gap’s Sales Momentum Continues

Gap Inc. (San Francisco) reports net sales grew 6 percent for the third quarter of fiscal year 2012. Comparable sales for the four-week period ended Oct. 27, 2012, were up 4 percent.

“We’re very pleased with the continued momentum in the business across all brands in North America,” says Glenn Murphy, chairman and ceo, Gap Inc. “Our focus remains on offering great product to our customers in order to sustain our business performance.”

Among its brands, comparable sales for October were:

•Gap North America: positive 6 percent
•Banana Republic North America: positive 5 percent
•Old Navy North America: positive 5 percent
•International: negative 2 percent