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Gap Inc. Sales Fall In First Quarter as It Eyes 2020 Split With Old Navy

Join Isko and Rivet magazine on June 3 at 11 am ET for REFASHIONED, a roundtable discussion on the denim industry’s new normal, from concept to consumer.

Gap Inc. scored a gain in net income, but net and comp sales were down in the first quarter and CEO Art Peck expressed displeasure with the results. In a Nutshell: As Gap Inc. prepares to separate into two independent public companies next year, the company reported diluted earnings per share of 60 cents on…

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