Sales Up at Gap Inc.

Gap Inc. (San Francisco) saw net sales grow 5 percent to $2.08 billion in December compared with $1.98 billion for the same period in 2011. Comparable sales for December 2012 increased 5 percent.

“Customers responded favorably to our product offerings and promotions during the holiday season overall,” says Glenn Murphy, chairman and ceo, Gap Inc. “We’re pleased to continue delivering positive comps across all our brands in North America.”

Across it brands, comparable sales for December 2012 were:

•Gap North America: positive 2 percent
•Banana Republic North America: positive 1 percent
•Old Navy North America: positive 13 percent
•International: negative 6 percent

Year-to-date net sales were $14.52 billion for the 48 weeks ended December 29, 2012, an increase of 6 percent, while year-to-date same-store sales grew 4 percent.