Gap Inc. (NYSE:GPS) today reported that February 2012 net sales increased 6 percent compared with last year.
Net sales for the four-week period ended February 25, 2012 were $874 million compared with net sales of $821 million for the four-week period ended February 26, 2011. The company’s comparable sales for February 2012, which include the associated comparable online sales, were up 4 percent compared with a 3 percent decrease for February 2011.
“We’re pleased we delivered positive comps across our North America businesses during February and that customers responded well to our spring product,” said Glenn Murphy, chairman and chief executive officer of Gap Inc.
Comparable sales for February 2012, including the associated comparable online sales, were as follows:
- Gap North America: positive 1 percent versus negative 1 percent last year
- Banana Republic North America: positive 12 percent versus negative 4 percent last year
- Old Navy North America: positive 5 percent versus negative 4 percent last year
- International: negative 9 percent versus negative 7 percent last year