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Gap Beats Analysts’ Estimates in Q4; Full Year Results Could Point to Turnaround

Gap Inc. was pleased with its fourth quarter performance despite dips in sales across the board as numbers beat what analysts expected, and its improved full year guidance may be a sign of better days ahead.

Net sales for the retailer’s fourth quarter were down nearly 7 percent to $4.39 billion and comparable sales were also down 7 percent versus a 2 percent increase in the previous year’s quarter.

Read more at Sourcing Journal.

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