Gap Reports December Sales of $2B

Gap Inc. GPS today reported that December 2010 net sales were flat compared with last year. Net sales for the five-week period ended January 1, 2011 were $2.0 billion compared with net sales of $2.0 billion for the five-week period ended January 2, 2010. The company's comparable store sales for December 2010 were down 3 percent compared with a 2 percent increase for December 2009.