The Group's principal activity is that of a global specialty retailer operating retail, outlet and online stores selling casual apparel, accessories and personal care products for men, women and children. These products are marketed under the Gap, Banana Republic, Old Navy and Piperlime brand names. As on 02-Feb-2008, the Group operates 3,167 stores in the United States, the United Kingdom, Canada, France, Ireland and Japan. In addition, the Group intends to expand its international presence with franchise agreements to operate either Gap or Gap and Banana Republic stores in Bahrain, Indonesia, Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, South Korea, Turkey and United Arab Emirates.

URL : http://www.gap.com/

GAP INC. REPORTS APRIL SALES UP 1 PERCENT; COMPARABLE STORE SALES DOWN 6 PERCENT
SAN FRANCISCO – May 8, 2008 – Gap Inc. (NYSE: GPS) today reported net sales of $1.10 billion for the four-week period ended May 3, 2008, which is an increase of 1 percent as compared with net sales of $1.09 billion for the same period ended May 5, 2007. The company’s comparable store sales for April 2008 decreased 6 percent compared with a 16 percent decrease for April 2007. 
Comparable store sales by division for April 2008 were as follows: 
• Gap North America: flat versus negative 14 percent last year 
• Banana Republic North America: flat versus negative 13 percent last year 
• Old Navy North America: negative 12 percent versus negative 20 percent last year 
• International: negative 7 percent versus negative 5 percent last year 
"While April performance varied across each brand, we delivered merchandise margins significantly above last year while continuing to manage costs in a disciplined manner,” said Sabrina Simmons, chief financial officer of Gap Inc. 
First Quarter Sales Results and Earnings Guidance 
For the thirteen weeks ended May 3, 2008, total company net sales were $3.38 billion, which is a decrease of 5 percent as compared with net sales of $3.55 billion for the thirteen weeks ended May 5, 2007. The company’s first quarter comparable store sales decreased 11 percent compared with a decrease of 4 percent in the first quarter of the prior year. 

GAP INC. REPORTS MARCH SALES DOWN 12 PERCENT; COMPARABLE STORE SALES DOWN 18 PERCENT
SAN FRANCISCO – April 10, 2008 – Gap Inc. (NYSE: GPS) today reported net sales of $1.37 billion for the five-week period ended April 5, 2008, which represents a 12 percent decrease compared with net sales of $1.55 billion for the same period ended April 7, 2007. The company’s comparable store sales for March 2008 decreased 18 percent compared with a 6 percent increase for March 2007. 
Comparable store sales by division for March 2008 were as follows: 
• Gap North America: negative 14 percent versus positive 4 percent last year 
• Banana Republic North America: negative 8 percent versus positive 8 percent last year 
• Old Navy North America: negative 27 percent versus positive 10 percent last year 
• International: negative 3 percent versus negative 5 percent last year 
“Overall March traffic and sales results across our brands were disappointing, particularly at Old Navy,” said Sabrina Simmons, chief financial officer of Gap Inc. "With our continued inventory discipline across the brands, we delivered merchandise margins above last year. As we execute our strategy of delivering healthier earnings through improved margins and cost management, we remain comfortable with our previously communicated 2008 annual earnings per share guidance of $1.20-$1.27.” 
Year-to-date net sales of $2.28 billion for the nine weeks ended April 5, 2008, decreased 7 percent compared with net sales of $2.46 billion for the nine weeks ended April 7, 2007. The company’s year-to-date comparable store sales decreased 13 percent compared with a 2 percent increase in the prior year. 
The company reiterated that it expects diluted earnings per share of $1.20 to $1.27 for fiscal year 2008. 

GAP INC. REPORTS NOVEMBER SALES UP 11 PERCENT: COMPARABLE STORE SALES FLAT
SAN FRANCISCO – December 6, 2007 – Gap Inc. (NYSE: GPS) today reported net sales of $1.54 billion for the four-week period ended December 1, 2007, which represents an 11 percent increase compared with net sales of $1.39 billion for the four-week period ended November 25, 2006. Due to the 53rd week in fiscal year 2006, November 2007 comparable store sales are compared with the four-week period ended December 2, 2006. On this basis, the company’s comparable store sales for November 2007 were flat compared with an 8 percent decrease in November 2006.
Comparable store sales by division for November 2007 were as follows:
• Gap North America: positive 1 percent versus negative 7 percent last year
• Banana Republic North America: positive 4 percent versus negative 1 percent last year
• Old Navy North America: negative 3 percent versus negative 10 percent last year
• International: positive 1 percent versus negative 8 percent last year
“While we were pleased with our sales performance in November, the most important month of the quarter, December, remains ahead of us,” said Sabrina Simmons, executive vice president, finance and acting chief financial officer, Gap Inc. “As a result, we are maintaining our earnings outlook for the full year.”
Year-to-date net sales of $12.63 billion for the 43 weeks ended December 1, 2007, increased 2 percent compared with net sales of $12.40 billion for the 43 weeks ended November 25, 2006. Due to the 53rd week in fiscal year 2006, fiscal year 2007 year-to-date comparable store sales are compared with the 43 week period ended December 2, 2006. On this basis, the company’s year-to-date comparable store sales decreased 4 percent, compared with a 7 percent decrease in the prior year. 

GAP INC. REPORTS THIRD QUARTER EARNINGS PER SHARE OF $0.30 PDF
Gap Inc. Increases FY 2007 GAAP Diluted EPS Guidance to $0.92-$0.98
Non-GAAP FY 2007 Diluted EPS Guidance Increased to $0.99-$1.05
SAN FRANCISCO – November 21, 2007 – Gap Inc. (NYSE: GPS) today reported that net ,earnings for the third quarter, which ended November 3, 2007, increased 26 percent to $238 million, or $0.30 per share on a diluted basis, compared with $189 million, or $0.23 per share on a diluted basis, for the third quarter of last year. Third quarter net sales were $3.9 billion, which is flat compared with the third quarter of last year.
Due to the 53rd week in fiscal year 2006, third quarter 2007 comparable store sales are compared with the thirteen weeks ended November 4, 2006. On this basis, comparable store sales decreased 5 percent, compared with a decrease of 5 percent for the third quarter of 2006. The company’s online sales for the third quarter increased 36 percent to $247 million, compared with $182 million for the third quarter of last year.

GAP INC. REPORTS OCTOBER SALES DOWN 1 PERCENT; COMPARABLE STORE SALES DOWN 8 PERCENT
SAN FRANCISCO – Nov. 8, 2007 – Gap Inc. (NYSE: GPS) today reported net sales of $1.23 billion for the four-week period ended November 3, 2007, which represents a 1 percent decrease compared with net sales of $1.24 billion for the four-week period ended October 28, 2006. Due to the 53rd week in fiscal year 2006, October 2007 comparable store sales are compared to the four-week period ended November 4, 2006. On this basis, the company’s comparable store sales for October 2007 decreased 8 percent compared with a 7 percent decrease in October 2006.
Comparable store sales by division for October 2007 were as follows:
• Gap North America: negative 7 percent versus negative 4 percent last year
• Banana Republic North America: negative 2 percent versus positive 2 percent last year
• Old Navy North America: negative 11 percent versus negative 11 percent last year
• International: negative 6 percent versus negative 8 percent last year
“While comparable store sales were down in October, merchandise margins were significantly above last year,” said Sabrina Simmons, executive vice president of Gap Inc. finance. “The results reflect our stated strategy of managing inventory tightly to support margin improvements.” 
Third Quarter Sales and Earnings Guidance
For the thirteen weeks ended November 3, 2007, total company net sales were $3.85 billion, which is flat as compared to net sales of $3.85 billion for the thirteen weeks ended October 28, 2006. Due to the 53rd week in fiscal year 2006, third quarter comparable store sales are compared to the thirteen weeks ended November 4, 2006. On this basis, the company’s third quarter comparable store sales decreased 5 percent compared with a decrease of 5 percent in the third quarter of the prior year.
Comparable store sales by division for the third quarter were as follows:
• Gap North America: negative 6 percent versus negative 7 percent last year
• Banana Republic North America: positive 1 percent versus positive 3 percent last year
• Old Navy North America: negative 8 percent versus negative 7 percent last year
• International: negative 4 percent versus negative 6 percent last year
For the third quarter of fiscal year 2007, Gap Inc. expects diluted earnings per share to be $0.28 to $0.30, as the company continues to make progress on its strategies of driving earnings with healthy margins and controlling expenses. Third quarter earnings are benefiting from the absence of last year’s incremental marketing expense. The expected third quarter earnings per share also includes about $0.01 of benefit relating to a reduction of interest accruals resulting from tax audits and other tax resolutions completed during the quarter

GAP INC. REPORTS MARCH SALES UP 16 PERCENT; COMPARABLE STORE SALES UP 6 PERCENT
SAN FRANCISCO – April 12, 2007 – Gap Inc. (NYSE: GPS) today reported net sales of $1.56 billion for the five-week period ended April 7, 2007, which represents a 16 percent increase compared with net sales of $1.35 billion for the five-week period ended April 1, 2006. Due to the 53rd week in fiscal year 2006, March 2007 comparable store sales are compared to the five-week period ended April 8, 2006. On this basis, the company’s comparable store sales for March 2007 increased 6 percent compared with a 13 percent decrease in March 2006. 
Comparable store sales by division for March 2007 were as follows: 
• Gap North America: positive 4 percent versus negative 13 percent last year
• Banana Republic North America: positive 8 percent versus negative 7 percent last year
• Old Navy North America: positive 10 percent versus negative 15 percent last year
• International: negative 5 percent versus negative 16 percent last year. 
“Our comparable store sales improvement in March was driven primarily by customers shopping the week before Easter, the timing of which shifted from April in 2006 to March 2007,” said Sabrina Simmons, senior vice president, corporate finance at Gap Inc. “While our performance also benefited from spring clearance at Gap and Banana Republic, it resulted in merchandise margins that were below last year.” 
Year-to-date net sales of $2.47 billion for the nine weeks ended April 7, 2007, increased 11 percent compared with net sales of $2.21 billion for the nine weeks ended April 1, 2006. The company’s year-to-date comparable store sales increased 2 percent, compared with a 12 percent decrease in the prior year. 
As of April 7, 2007, Gap Inc. operated 3,147 store locations compared with 3,061 store locations on April 1, 2006.
 

GAP INC. REPORTS FOURTH QUARTER EARNINGS PER SHARE OF $0.27 AND FULL YEAR EARNINGS PER SHARE OF $0.93