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Gap June sales up 5%

Sales at US-based casualwear giant Gap increased 5% last month compared to June the previous year, according to monthly sales figures released today.

The retailer, which also owns Banana Republic and Old Navy, said that net sales for the five-week period ended July 2, 2011 were $1.38bn (£0.86bn) compared with net sales of $1.31bn (£0.82bn) for the five-week period ended July 3, 2010.

Like-for-like sales for June 2011, which include online sales, were up 1% compared with a 1% increase for June 2010 with like-for-like international sales being particularly strong up 3% against flat comparables the previous year.

“We’re pleased that we delivered a positive comp and grew total sales by 5%,” said Glenn Murphy, chairman and chief executive of Gap “Our multiple growth initiatives are on track, and we’re taking the necessary steps in North America to grow top line sales in the back half of the year.”

The company also reported that year-to-date net sales were $5.73bn (£3.59bn) for the 22 weeks ended July 2, 2011, an increase of 1% compared with net sales of $5.70bn (£3.57bn) for the 22 weeks ended July 3, 2010. The company’s year-to-date like-for-like sales, including associated online sales, decreased 2% compared with a 3% increase last year.

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