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Gap like-for-likes fall 6% in February

Sales at Gap were flat during February at $907 million (£451.6m) but like-for-likes collapsed 6%.

Like-for-like sales at Gap's international division, which includes the UK, France and Japan, were down 7% versus a positive 2% like for like performance the same time last year.

Gap North American saw like-for-like sales decline 3% and Banana Republic like-for-likes fell by 5%. Comparable sales at Old Navy were down 8%.

Sabrina Simmons, executive vice president and chief financial officer at Gap said: "While overall results were mixed across our brands, total company merchandise margins were above last year. We will continue to manage inventory tightly as we bring summer product into our stores."

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