After struggling for years to get sales moving, Gap Inc. is retaking lost ground.
The company closed its latest fiscal year with a strong uptick, thanks to an improved fashion sense that involved successful bets on colorful jeans and sleek, “Mad Men”-style suits.
The apparel retailer posted an 8% increase in sales for January, excluding newly opened stores, and completed the 12 months ended Feb. 2 with $15.7 billion in net sales, up 6.4% from $14.7 billion a year earlier. Over the past year, the company’s shares are up nearly 50%.
The results have given a boost to the once-trendsetting
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