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.

Just Posted

Slow to reform, SFPD touts lack of police shootings as sign of progress

Department has completed about 10 percent of federal recommendations for improvement

SFPD issuing fewer life-saving traffic tickets because of ‘additional paperwork’

In August, Mayor London Breed and traffic safety watchers blasted San Francisco… Continue reading

PG&E to use state support, aircraft to minimize impact of power shutoff

PG&E has accepted an offer of technical assistance and aircraft to help… Continue reading

Transbay BART tube reopens after service halted by sparks during rush hour

Sparks near the transbay tube prompted BART to halt some service between… Continue reading

BART: busking ban on trains may be legal despite opposition, free speech concerns

When BART board director Debora Allen first floated her proposal to ban… Continue reading

Most Read