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Gap backs annual profit forecast after retailer confirms net income, sales fell in 2Q

2015-08-20 22:49:51| Apparel - Topix.net

Gap is keeping its fiscal-year profit forecast unchanged after further struggles in the second quarter marked by weakness at its namesake and Banana Republic stores that offset rising sales at Old Navy. The San Francisco company also said Thursday its plan to close 175 Gap stores in North America, as well as some locations in Europe, will cost a bit less than it expected.

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Category:Consumer Goods and Services

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