The Gap Inc., the largest U.S. clothing chain, reported disappointing sales results for the month of September 2010.
The company’s comparable-store sales for the month slipped 2.0%, after recording a flat growth in August 2010 and a 1.0% increase in the month of July.
Gap, which operates the Old Navy and Banana Republic chains as well as Gap stores, hinted that comps declined 1% at Gap North America and 5% at Old Navy North America but remained flat at Banana Republic.
The international business recorded comparable-store sales growth of 3% versus a decline of 4% last year.
Year to date, comparable-store sales climbed 2.0% compared with a decline of 6.0% in the same period last year.