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Gap Feb sales decrease

Gap Inc. has reported that February 2011 net sales decreased 2 percent compared with last year.

Net sales for the four-week period ended 26 February, 2011 were USD821 million compared with net sales of USD838m for the four-week period ended 27 February, 2010. The company’s comparable sales for February 2011, which include the associated comparable online sales, were down 3 percent compared with a 4 percent increase for February 2010.