Gap Inc. Reports June Sales Unchanged From Year-ago.

By Claudia AssisMarketWatch Pulse

Gap Inc. said Thursday its June net sales reached were $1.54 billion, flat compared with June 2014. June same-store sales for Gap Inc. were down 1%, versus a 2% decrease last year. June same-store sales for the Gap brand fell 5%, while comparable-sales for the company's Banana Republic brand rose 1% and the Old Navy brand rose 1%. Gap will report July sales on Aug. 10, the company said. Gap shares were flat in after-hours trading after ending the regular session down 1.6%.

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