Market Movers

Gap posts surprising September sales drop

Gap Inc. will report on October sales Nov. 7.


Gap Inc. will report on October sales Nov. 7.


Gap Inc. reported a surprise drop is sales last month, stalling momentum it had enjoyed since early last year. The clothing retailer said same-store sales fell 3 percent, trailing the average estimate for a 1.8 percent gain from analyst forecasts compiled by Retail Metrics. By brand, Gap Global’s sales were down 3 percent vs. a 3 percent gain a year ago; Banana Republic’s sales were down 5 percent vs. a 4 percent gain; and Old Navy’s sales were down 2 percent vs. a 10 percent gain.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of