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The company has been revamping the Gap and Banana Republic brands, looking to

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replicate the success of the low-end Old Navy apparel. Comparable sales of its signature Gap brand rose 1 percent in December, compared with a two percent decline a year earlier. Old Navy brand sales rose 12 percent, compared with a 7 percent fall a year earlier. The company's comparable sales rose 4 percent in December, while analysts on average had expected a 0.7 percent decline. Continue Reading Below ADVERTISEMENT "If you look back in the past few... [...]

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