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

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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.