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-police protester sues over arrest at 2019 Pride Parade

A protester whose arrest at San Francisco’s 2019 Pride Parade intensified pressure… Continue reading

Veritas offers to forgive unpaid rent, but tenants are wary

Calls for rent forgiveness have been answered, but with some caveats. The… Continue reading

Dozens gather for candlelight vigil to honor victims in Beirut explosion

Dozens of people gathered at Rincon Park on Thursday evening to show… Continue reading

School district, teachers reach tentative agreement on distance learning

With less than two weeks until the start of the school year,… Continue reading

Boudin, Gascon defend NFL in controversy over Stephon Clark video

Public service announcement prompted pushback from California prosecutors association

Most Read