Gap February comparable sales decline 4 percent

Gap net sales for the four-week period ended February 28, 2015 were 918 million dollars compared with net sales of 929 million dollars for the four-week period ended March 1, 2014. Gap’s comparable sales for the month were down 4 percent versus a 7 percent decrease last year.

“Recognizing that February is a relatively small sales month, we’re focused on the spring shopping months ahead and delivering on our full-year goals,” said Sabrina Simmons, Chief Financial Officer, Gap.

Comparable sales for Gap Global were negative 7 percent versus negative 10 percent last year, for Banana Republic Global, negative 5 percent versus negative 7 percent last year and Old Navy Global, flat versus negative 6 percent last year.

The company will report March sales on April 9, 2015.