Gap's comeback gets stronger
Old Navy helps fuel robust sales in June.
Gap's (GPS) same-store sales in June rose 7%, much higher than the 4.7% that analysts were expecting. Helping to boost the results was Old Navy, which delivered a same-store sales increase of 13%.
Motley Fool analyst Ron Gross shares what's behind Gap's incredible turnaround and a stock price that is hitting a 13-year high.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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