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Non-Tech : The Gap
GPS 24.38+4.9%Oct 28 3:59 PM EST

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To: Michael P. Michaud who wrote (69)7/9/1999 3:20:00 PM
From: Beltropolis Boy   of 189
 
Gap Inc. Announces June Sales

July 8, 1999 08:45 AM

SAN FRANCISCO--(BUSINESS WIRE)--July 8, 1999--Gap Inc. (GPS) today reported sales of $977 million for the five-week period ended July 3, 1999, an increase of 35% over sales of $724 million for the comparable period ended July 4, 1998.

The Company's comparable store sales for June 1999 increased 13% compared to a 15% increase in June 1998.

Sales of $4.035 billion for the twenty-two weeks ended July 3, 1999 represent an increase of 32% over sales of $3.053 billion for the same period in 1998. The Company's year-to-date comparable store sales increased 11% compared to an 18% increase for the same period in 1998.

At July 3, 1999, Gap Inc. operated 2,586 stores compared to 2,237 at July 4, 1998, an increase of 16%.
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