| Gap Inc. Reports December Sales |
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06/01/2012 06:43 (140 Day 00:10 minutes ago) | |||||
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The FINANCIAL -- Gap Inc. reported that December 2011 net sales decreased 1 percent compared with last year, according to Gap Inc. .
Net sales for the five-week period ended December 31, 2011 were $1.98 billion compared with net sales of $2.01 billion for the five-week period ended January 1, 2011. The company’s comparable sales for December 2011, which include the associated comparable online sales, were down 4 percent compared with a 2 percent decrease for December 2010.
Year-to-date net sales were $13.72 billion for the 48 weeks ended December 31, 2011, a decrease of 1 percent compared with net sales of $13.82 billion for the 48 weeks ended January 1, 2011. The company’s year-to-date comparable sales, which include the associated comparable online sales, decreased 4 percent compared with a 2 percent increase last year.
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