Gap (GPS) says same-store sales rose 9% in August, nearly double the consensus mark from...

|By:, SA News Editor

Gap (GPS) says same-store sales rose 9% in August, nearly double the consensus mark from analysts calling for a 5.4% gain. The buzz is that the sales gain from the retailer come with margins still holding their own. Gap segment breakdown: Gap North America +9%; Banana Republic North America +8%; Old Navy +12%; International -2%. GPS +1.0% premarket.