Reports on August retail sales ended on a sour note Thursday as Gap Inc. registered an unexpected decline in its comparable sales for the month.
Gap Inc. saw a 2 percent decline overall, with the Old Navy brand the only unit on the positive side. Old Navy was up 2 percent for the month, while Gap and Banana Republic slid down 6 percent and 2 percent, respectively. The company missed the Thomson Reuters consensus estimate for a 1.6 percent pickup, and all three of its nameplates came in below anticipated levels. Old Navy was expected to report a 3.4 percent increase, Gap a 0.1 percent improvement and Banana Republic a 0.7 percent gain.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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