Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who wrote (149)	5/31/2000 8:52:00 PM
From: BWAC	Read Replies (3) of 494

This sure doesn't say inflation to me? Deeper Markdowns??? Wednesday May 31, 6:38 pm Eastern Time Gap May same-store sales dip due to deeper markdowns LOS ANGELES, May 31 (Reuters) - Casual clothing retailer Gap Inc. (NYSE:GPS - news) on Wednesday reported same-store sales that fell below expectations due to a slower-than-expected Easter sales season, which spurred larger inventories and deeper markdowns. San Francisco-based Gap's same-store sales, or sales at stores open at least a year fell 2 percent compared to an 8 percent gain in the year-ago period. Wall Street had expected Gap to report same-store sales gains of between 1 and 4 percent, according to various analyst reports.

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