Gap Inc. reported that for the second quarter of fiscal year 2014, net sales increased 3 per cent to US $3.98 billion compared with $3.87 billion for the second quarter last year.“We’re pleased to close out the first half of the year with a positive comp in July and look forward to the new product and marketing campaigns our brands will launch this fall,” said Glenn Murphy, chairman and CEO, Gap Inc. Gap Inc. comparable sales for the second quarter of fiscal year 2014 were flat versus a 5 per cent increase last year. Gap Global remained negative 5 per cent versus positive 6 per cent last year, Banana Republic Global saw flat versus negative 1 per cent last year and Old Navy Global remained positive 4 per cent versus positive 6 per cent last year.
