Gap Inc. (San Francisco) has reported a net sales gain of 5 percent for the four-week period ended Oct. 30, 2004. Same-store sales increased 3 percent.
Same-store sales by division for October were: Gap U.S., plus 7 percent; Gap International, down 11 percent; Banana Republic, plus 3 percent; and Old Navy, plus 4 percent.
“We’re pleased with how our overall performance improved in October as Gap, Banana Republic and Old Navy continued to clear fall merchandise,” said Sabrina Simmons, senior vp, treasury and investor relations. “We’re well positioned for holiday and the launch of our marketing campaigns this month.”
For the 13 weeks ended October 30, net sales were up 1 percent, though same-store sales decreased 1 percent.
Same-store sales by division for the quarter were: Gap U.S., plus 2 percent; Gap International, down 10 percent; Banana Republic, plus 3 percent; Old Navy, down 1 percent.
For more retail financial results for the month of October, see the Retail Financial Reports channel on this web page.