Gap Surges 15% on Decent September Growth

Shares of Gap (NYSE: GPS) rallied about 15% on Friday after the apparel retailer reported comparable sales growth numbers for September that beat analysts’ estimates. Total comps fell 3%, but still beat expectations for a 3.6% decline. The key facts Comps rose 4% at Old Navy, but that growth was offset by a 9% decline at Banana Republic and 10% drop at Gap. …read more

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Category: GPS

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