Gap Inc. Reports Sales Results for the Month and Year to Date Ended December 29, 2012
January 03, 2013 at 08:00 am EST
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Gap Inc. reported sales results for the month and year to date ended December 29, 2012. For the month, the company's net sales for the five-week period ended December 29, 2012 were $2.08 billion compared with net sales of $1.98 billion for the five-week period ended December 31, 2011. The company's comparable sales for December 2012 were up 5% compared with a 4% decrease for December 2011.
For the year-to-date, the company's net sales were $14.52 billion for the 48 weeks ended December 29, 2012, an increase of 6% compared with net sales of $13.72 billion for the 48 weeks ended December 31, 2011. The company's year-to-date comparable sales increased 4% compared with a 4% decrease last year.
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.
THE GAP, INC. 
