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Gap net sales up 8pc in Q2

Gap Inc. reported an 8 percent increase in net sales for the second quarter of fiscal year 2013 compared with the second quarter of fiscal year 2012.

Net sales for the second quarter, which ended 3 August 2013, were USD3.87 billion compared with USD3.58 billion for the second quarter last year.

In addition, net sales for the four-week period ended 3 August 2013 were USD1.12 billion compared with net sales of USD1.06 billion for the four-week period ended 28 July 2012.

Glenn Murphy, chairman and chief executive officer of Gap Inc., said the company is focused on continuing the momentum as it moves into the second half of the year.