Gap Inc. February Comp Sales Drop 4%

by Harry Sheff

GapGap Inc.’s net sales for February fell to $918 million from the previous February’s $929 million. Total company comparable sales were down 4%.

By division, Gap comp sales fell 7%, Banana Republic fell 5% and Old Navy was flat.

“Recognizing that February is a relatively small sales month, we’re focused on the spring shopping months ahead and delivering on our full-year goals,” said CFO Sabrina Simmons in a statement.