Gap February Comps Down 7% - Quick Facts

(RTTNews) - Gap Inc. (GPS) Thursday said sales for the month of February decreased to $929 million from $966 million in the same month last year. Comparable sales for February were down 7 percent versus a 3 percent increase last year.

Besides having a lower number of days in February, the company noted that more than 450 stores experienced closures during February due to weather.

Gap Global reported a negative comparable store sales growth of 10 percent versus positive 2 percent last year. Banana Republic Global had a negative same store sales growth of 7 percent, versus negative 5 percent last year. Old Navy Global comps dropped 6 percent , compared to a positive growth of 6 percent last year.