Gap net sales marginally decline in May

Gap net sales for the four-week period ended May 30, 2015 were 1.25 billion dollars compared with net sales of 1.27 billion dollars for the four-week period ended May 31, 2014.

“We’re pleased with Old Navy’s continued momentum and we remain focused on consistently delivering higher levels of performance across our portfolio,” said Sabrina Simmons, Chief Financial Officer, Gap.

Gap’s comparable sales for May 2015 were down 1 percent versus a 1 percent increase last year. Comparable sales at Gap Global were negative 6 percent versus negative 3 percent last year, at Banana Republic Global, negative 5 percent versus positive 3 percent last year and at Old Navy Global, positive 6 percent versus positive 2 percent last year. The company will report June sales on July 9, 2015.