Gap Inc. March Sales Down 10%

Gap Inc. GPS today reported that March 2011 net sales decreased 8 percent compared with last year. Net sales for the five-week period ended April 2, 2011 were $1.33 billion compared with net sales of $1.45 billion for the five-week period ended April 3, 2010. The Company's comparable sales for March 2011, which include the associated comparable online sales, were down 10 percent compared with an 11 percent increase for March 2010.