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Archive Home > 2008 > May > 23 > Gap boosts profit on cost management

Gap boosts profit on cost management


May 23, 2008

SAN FRANCISCO — Clothing retailer Gap Inc. raised its first-quarter profit by 40 percent, despite a persisting sales slump.

The San Francisco-based merchant said Thursday that it earned $249 million, or 34 cents per share, during the three months ended May 3. That compared with net....

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