By WestEnd511:
The Gap Inc. (NYSE:GPS) reported a disappointing set of August sale numbers driven by a -6% SSSg in Gap Global and -2% SSSg in BR Global. Old Navy was the only bright spot with +2% SSSg, an improvement from +1% a year ago but weak on a sequential basis when compared with +3% in July. Total comp of -2% was well below the consensus +2%.