Gap Inc. (NYSE:GPS) today reported that November 2009 net sales were up two percent from last year. Net sales for the four-week period ended November 28, 2009 were $1.42 billion compared with net sales of $1.39 billion for the four-week period ended November 29, 2008. The company’s comparable store sales for November 2009 were flat compared with a decrease of 10 percent for November 2008.

Comparable store sales for November 2009 were as follows:

• Gap North America: negative 4 percent versus negative 11 percent last year
• Banana Republic North America: negative 4 percent versus negative 11 percent last year
• Old Navy North America: positive 6 percent versus negative 9 percent last year
• International: negative 5 percent versus negative 6 percent last year

“We’re pleased that we continued to meet our objective of improving our sales trend and we did it with merchandise margins significantly above last year,” said Sabrina Simmons, chief financial officer of Gap Inc.

Year-to-date net sales were $11.38 billion for the 43 weeks ended November 28, 2009, a decrease of 4 percent compared with net sales of $11.84 billion for the 43 weeks ended November 29, 2008. The company’s year-to-date comparable store sales decreased 5 percent compared with an 11 percent decrease last year.

December Sales

The company will report December sales on January 7, 2010.

About Gap Inc.

Gap Inc. is a leading global specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy, Piperlime and Athleta brand names. Fiscal 2008 sales were $14.5 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Japan and Ireland. In addition, Gap Inc. is expanding its international presence with franchise agreements in Asia, Europe, Latin America and the Middle East. For more information, please visit gapinc.com.

Gap Inc. (NYSE:GPS) today reported net sales of $1.33 billion for the five-week period ended October 3, 2009, which is a decrease of 1 percent as compared with net sales of $1.34 billion for the same period ended October 4, 2008. The company’s comparable store sales for September 2009 decreased 1 percent compared with an 11 percent decrease for September 2008.

Robertson Boulevard - home to celebrities who lunch, stylistas who shop and the paparazzi who love them - can now add Gap to its high-brow roster of boutiques and designer stores that line the famed thoroughfare. To celebrate the launch of its all-new 1969 Premium Jeans, Gap is opening the doors to its 1969
Jeans Shop and invites denim lovers to find their perfect pair of premium jeans starting at $59.50.

In the current economy, many Americans are looking for ways to stay stylish on a budget. AAA members already have a fashion advantage at a number of partner outlet stores that offer exclusive discounts, and the number of clothing retailers in the program just got bigger. The newest Show Your Card & Sav (R) outlet partners, Gap Outlet and Banana Republic Factory Store, now offer AAA members a 10 percent discount at more than 300 locations. The discount is valid on all purchases, including sale merchandise and is also available at all Baby Gap Outlet and Kids Gap Outlet stores. To receive the discount, AAA members are required to show their membership card at the time of purchase.

Gap Inc. (NYSE:GPS) today reported net sales of $1.29 billion for the five-week period ended July 4, 2009, which represents a 9 percent decrease compared with net sales of $1.41 billion for the five-week period ended July 5, 2008. The company’s comparable store sales for June 2009 were down 10 percent compared with a 7 percent decrease in June 2008.

Gap Inc. (NYSE:GPS) chairman and chief executive officer Glenn Murphy today updated investors about the company’s top priorities, including gaining market share at its core brands in North America while continuing to grow through its Online and International businesses.

“With our solid foundation and operational discipline in place, we’re now taking steps across our brands to gain back market share,” said Murphy. “Our healthy balance sheet also gives us the flexibility to make strategic investments for the future.”

Gap Inc. (NYSE:GPS) yesterday announced that Julie Rosen is returning to the company as senior vice president of merchandising for Banana Republic, reporting to Jack Calhoun. A 15-year veteran of the company, Rosen will lead all product merchandising for Banana Republic, including men’s, women’s and accessories, as well as manage licensing relationships with third-party vendors.