gap inc/the (GPS) Snapshot

Gap, Inc. reported sales results for the month of May 2013. For the month, the company's net sales increased 11% compared with last year. Net sales for the four-week period ended June 1, 2013 were $1.22 billion compared with $1.10 billion for the four-week period ended May 26, 2012. Due to the 53(rd) week in fiscal year 2012, May 2013 comparable sales are compared to the four-week period ended June 2, 2012. On this basis, the company's comparable sales for May 2013 were up 7% compared with a 2% increase for May 2012. Comparable sales were positive 8% against positive 4% last year.

The Gap, Inc. - Pre Recorded Sales/ Trading Statement Call

The Gap, Inc. announced that it will introduce Gap brand to Paraguay and Hungary through new agreements with existing franchise partners Neutral for Paraguay and Gottex Brands for Hungary. Additionally, the company announced plans to open the first stand-alone Banana Republic stores in Mexico later in the year 2013. By the end of 2013, the company expects to have a presence in eight Latin American countries, including Chile, Panama, Colombia, Mexico, Uruguay, Paraguay, Peru and Brazil with expectations to add a brand presence in Costa Rica in the near future. The company has signed a new agreement with Neutral to open the first Gap store in Paraguay llater in the year 2013. The company will open its first two Gap stores in Budapest, Hungary through an existing relationship with Gottex Brands which is a part of the Trimera Group. Budapest offers an exciting platform for Gap Inc. to bring Gap's casual American style and store experience to customers as it is one of the great international cities with a unique and youthful atmosphere as well as a high rate of tourism. Banana Republic will open the first free-standing store in Mexico in late 2013 through an existing agreement with retail partner Distribuidora Liverpool, S.A. DE C.V.