Gap Inc. Cape Group Sales Increased 6% In November

Largest in the US

Retailer Gap Inc. (NYSA:GPS) released its sales performance in November after being released on November, which was driven by a sharp increase of 18% in Old Navy's same store sales. The group's overall sales in the same store grew by 6% in November, after which the stock rose 3.18% to 41.85 dollars.

Gap Inc. November, four weeks before November 29th.

Sales also increased by 6%, from $1 billion 630 million in the same period last year to $1 billion 720 million.

Glenn Murphy, the resigned chief executive, said consumers were positive in the group's holiday season, especially in the Old Navy Navy.

According to brand, November Gap cover Pu brand.

Down 4%, Banana Republic banana sales growth in the same store 2%, Old Navy Old Navy SSS increased by 18%

On Monday's close, Gap Inc. (NYSA:GPS) shares edged down 0.10% to $40.56.

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Because of the warmer weather in October and November in the UK, the growth of Primark sales in the country's parity apparel retailer has slowed dramatically.

Primark parent Associated British Foods PLC (ABF.L) chairman Charles Sinclair at today's annual general meeting, said Primark sales from the end of fiscal year 2014 (September 13, 2014) to date recorded a 11% growth, mainly driven by revenue from new stores, and the growth rate was significantly less than 17% of last year's total.

This prompted Associated British Foods PLC (ABF.L) to lose 5.4% of its share price on Friday.

Charles Sinclair pointed out that Primark's current store sales failed to reach the expected level, but the group has already included the promotion quota into the budget, so at this stage, the group's Primark annual profit expectations remain unchanged.

In addition, the overall operating profit of the group in the current fiscal year has been in line with expectations.

Charles Sinclair expects that the annual operating profit will decrease slightly after the adjustment, but the effect on net profit should be neutralized by lower tax rate and interest expense. The growth rate of EPS after adjustment is also not large. In the 2014 fiscal year, the figure is 104.1 pence.

Associated British Foods PLC (ABF.L) resumed land on Friday, rising 2.62% to 3284 pence throughout the day.