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Gap’s February Q4 same-store sales rise 3%, topping estimates
New York -- Gap Inc. said Thursday that its February same-store sales rose a better-than-expected 3% for the four weeks ended Feb. 25. Analysts expected a 2% increase.
The chain was due to release the sales figures after the market closed, but put them out at midday after they were found in a leaked transcript of prerecorded comments.
By division, same-store sales rose 2% at Gap and 6% at Old Navy. They fell 5% at Banana Republic.
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Hanes wins eco award
WINSTON-SALEM, N.C. — Hanes has received the U.S. Environmental Protection Agency's highly coveted Energy Star Sustained Excellence Award for 2013. The award is the company's fourth consecutive year of Energy Star recognition and its second consecutive year as a recipient of the Sustained Excellence Award, which is given to a select group of organizations that have exhibited outstanding sustainability leadership year after year.