By  on October 6, 2011

GAP NAP: Walloped by a 13 percent drop in its international operations, Gap Inc. saw comparable-store sales for September decline 4 percent, the same pullback experienced by the Gap North America unit. That wasn’t only the steepest drop registered by any of the major retailers reporting monthly results on Thursday, but it took a huge bite out of the entire specialty apparel sector’s results. Thomson Reuters put the increase for the category at 2.9 percent, a figure that nearly doubled — rising to 5.6 percent — when the San Francisco-based giant’s results were excluded.

This story first appeared in the October 7, 2011 issue of WWD. Subscribe Today.

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