Gap December Sales Down 1% YoY
Gap Inc. (NYSE: GPS) today reported that December 2011 net sales decreased 1 percent compared with last year.
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.
