Gap reports November sales up 11 percent

San Francisco-based Gap. Inc. (GPS) reported November sales of $1.54 billion, an 11 percent increase over last November.

Comparable store sales were flat this November, compared with an 8 percent decrease in November 2006.

Net sales for the year to date were $12.63 billion, a 2 percent increase over the same period last year. Comparable store sales for the year to date decreased 4 percent, versus a 7 percent decrease in 2006.

The company reiterated guidance for fiscal year 2007 of diluted earnings per share of $0.92 to $0.98, including approximately $0.07 per diluted share of expenses associated with the closure of the short-lived Forth & Towne brand.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Anti-eviction demonstrators rally outside San Francisco Superior Court. (Kevin N. Hume/S.F. Examiner)
Report: Unpaid rent due to COVID-19 could be up to $32.7M per month

A new city report that attempts to quantify how much rent has… Continue reading

Music venues around The City have largely been unable to reopen due to ongoing pandemic health orders. (Kevin N. Hume/S.F. Examiner)
SF to cut $2.5M in fees to help 300 nightlife venues

San Francisco will cut $2.5 million in fees for hundreds of entertainment… Continue reading

Supreme Court nominee Judge Amy Coney Barrett departs the U.S. Capitol on October 21, 2020 in Washington, DC. President Donald Trump nominated Barrett to replace Justice Ruth Bader Ginsburg after Ginsburg’s death. (Photo by Stefani Reynolds/Getty Images)
GOP senators confirm Amy Coney Barrett to Supreme Court in partisan vote

By Jennifer Haberkorn Los Angeles Times The Senate on Monday confirmed Judge… Continue reading

Curator Tim Burgard looks over a section of the galleries comprising “The de Young Open,” a huge, varied collection of work by Bay Area artists. (Photo courtesy Gary Sexton/Fine Arts Museums of San Francisco)
Bay Area artists jam-pack vivid ‘de Young Open’

Huge exhibition — with works for sale — showcases diversity, supports community

SF Board of Education vice president Gabriela Lopez and commissioner Alison Collins listen at a news conference condemning recent racist and social media attacks targeted at them and the two student representatives on Monday, Oct. 26, 2020. (Kevin N. Hume/S.F. Examiner)
Online attacks on school board members denounced by city officials

City officials on Monday condemned the targeting of school board members, both… Continue reading

Most Read