Gap has better September than expected
October 7, 2016
Gap, Inc.’s share price increased 6.7 percent in late trading yesterday after the company posted a decline of three percent in same-store sales in September and not the 3.6 percent drop expected by Wall Street. Gap’s performance was bolstered by a four percent increase in same-store sales at the company’s Old Navy division, much better than the one percent analysts were expecting.
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