Gap Inc. (GPS: Quote) reported a 4% increase in February comparable store sales Thursday morning. Net sales for the month rose to $874 million from $821 million in the prior year.
Gap Inc. gapped open sharply higher Thursday, but gave back some of its gains during the first half of the morning. The stock closed up by 1.69 at $25.05, with volume at a 7-month high. Gap has been on an upward trend for the past month and finished at a new high for the year.
by RTT Staff Writer
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