Mar 5 · 11:11:00 AM · Source: Company Press Release

Gap Inc. reported net sales of $838 million for the four-week period ended February 27, 2010, which represents a 5 percent increase compared with net sales of $795 million for the four-week period ended February 28, 2009. The company’s comparable store sales for February 2010 were up 3 percent compared with a 12 percent decrease in February 2009.
One of the themes we keep seeing is comp stores sales for retailers in February. However, the stat in this Gap press releases reminds us how bad last February was for retailers - Gap comp sales were down 12% YoY last Feb. Now they went up 3% from there - still down significantly from two years ago.

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by Rich Pike