Clothing and apparel retailer The Gap Inc today (5 July) released details of comparable same store sales and total sales for the month of June 2012 as it announced that they had continued a positive trend in its North American business.
Net sales for the five-week period ended June 30, 2012 increased 2.2 percent to $1.41 billion from $1.38 billion in the corresponding period last year. Comparable sales for June 2012 were flat, compared with a 1 percent increase in the same month last year.
The San Francisco based retailer posted comparable sales gains in all of its North American units, with Gap North America posting 4% growth, compared to a negative growth of 1 percent last year. Meanwhile Banana Republic recorded 5% growth in same store sales, compared to a 3 percent increase in the same month last year, and Old Navy North America recording a 1% increase in comparable store sales, lower than a 2 percent increase in the previous year.
However, internationally the company did not perform as strongly, reporting a 14% comparable sales decline over the month, against a 3% increase in the same period of 2011.
“We’re pleased with our overall sales performance in June, especially the continued positive trend in our North America business,” said Gap Inc chairman and CEO Glenn Murphy.
Year-to-date sales are up 5% on the same period of the prior year to $6bn. Comparable sales increased 3% against a 2% decrease last year.