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Gap stock plunges on weak sales

2016-04-10 01:56:04| Apparel - Topix.net

Gap shares plunged on Friday in the wake of another weak sales report. The stock price for Gap Inc. plunged 14 percent in afternoon trading, the day after the clothing retailer said that its sales had declined year-to-year for the five weeks that ended April 2. Net sales dropped more than 15 percent from $1.53 billion during the five week period in 2015, to $1.43 billion during that time in 2016.

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