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Gap Inc. February Comps Up 3%

Trading in company halted briefly after results released early.

Trading in shares of Gap Inc. was briefly halted this morning after someone let slip the retailer’s February sales results before their intended release this afternoon.

The company’s total comparable-store sales rose 3 percent for the month. Global comps for the Gap brand rose 2 percent, while Old Navy’s increased rose 6 percent. Banana Republic’s global comps fell 5 percent.

 

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Shares of Gap were up 4.2 percent at $35.90 when trading was stopped on the New York Stock Exchange. That gain was tempered some, to a 3.4 percent rise to $35.63, once trading resumed.