Gap sales in November were up 2% on last year to $1.42bn (£856m)

The US chain reported flat comparable store sales for the four weeks to November 28, compared with a decrease of 10% in November last year.

International sales were down 5% in November, compared with a drop of 6% in November 2008.

In the US, Gap’s Banana Republic stores saw a like-for-like sales growth of 4%, up from a like-for-like sales decline of 11% last October. Old Navy was up 6% compared to a 9% decline last November and the Gap fascia was down 5% on a comparable basis.

Gap chief financial officer Sabrina Simmons said: “We’re pleased that we continued to meet our objective of improving our sales trend and we did it with merchandise margins significantly above last year.”

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