Gap Inc. (GPS) 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.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.