Gap holiday season sales increase 4 percent

Gap today reported that the company’s net sales were up 4 percent and comparable sales were positive 3 percent for the November and December 2014 holiday shopping season, compared with last year.

“During November and December, we were pleased to achieve a positive 3 comp, led by Old Navy with a very strong 12 comp for the combined holiday months,” said Glenn Murphy, Chairman and Chief Executive Officer of Gap.

Net sales for the five-week period ended January 3, 2015 increased 2 percent to 2.10 billion dollars, compared with net sales of 2.05 billion dollars for the five-week period ended January 4, 2014. Gap’s comparable sales for December 2014 were up 1 percent versus flat last year.

Comparable sales at Gap Global were negative 5 percent versus positive 1 percent last year, Banana Republic Global, flat versus flat last year and Old Navy Global, positive 8 percent versus negative 2 percent last year. The company will report January sales on February 9, 2015.