05.12.2014 - Gap Inc. increased sales
US clothing retailer Gap has shown the growth on the background of sales growth in November at 6%, compared to the same month of the last year. Clothing retailer showed increase in sales in stores of Old Navy by 18%, compared with an increase of 3% in the same period of last year, by 2% in stores Banana Republic, that was 2 times better than last year. It is worth noting that sales in Gap stores fell by 4%, against an increase of 2% in 2013. Despite this, we are upbeat on the prospects of growth of the company's shares in the medium term due to the approaching holidays and growth in consumer spending. Shares may rise by 15-20% per year.