Gap sales increase 3% in Q2 to £150.6m

Clothing and accessories retailer Gap has reported that its second-quarter net earnings for the period ending July 31 grew 3% to $234m (£150.6m). Net sales for the period were up at $3.32bn (£2.13bn) compared with $3.25bn (£2.09bn) last year, while like-for-like sales for the period increased 1% compared with a decrease of 8% for the same period last year.