Old Navy'S Performance Is A Drag On Gap.

The old navy of Gap Inc. (NYSE:GPS), the cheap brand Old Navy and the old navy of Cape group, dropped sharply after sales in November. In December, the situation did not improve and was worse than analysts' expectations. Even if the Gap cap Pu brand and the Banana Republic Republic Banana Republic were better than expected, it could not prevent Gap Inc. (NYSE:GPS) from falling 9.1% after Thursday.

In the first five weeks as of January 2, 2016, the largest brand Old Navy Xun Old Navy, which independently supported the group growth two months ago, recorded a 7% decline in same store sales, far less than 0.2% of Reuters's composite analysts forecast, making people even more worried that the brand lost its job hopping, and Ralph Lauren Corp. (NYSE:RL) was the chief executive.

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December Gap Inc.

Group net sales totaled $2 billion 10 million, down 4% from $2 billion 100 million a year ago, and 3% after the impact of the exchange rate.

Old Navy Navy, the Old Navy dragged Gap Inc. cap group's overall same store sales by an annual reduction of 5%, with an expected reduction of 3.5%, while Retail Metrics composite analysts expected a reduction of 3.9%.

Gap Inc. (NYSE:GPS) on Thursday followed the rally of US retail shares driven by L Brands (NYSE:LB), J.C. Penney Co. Inc. NYSE:JCP (NYSE:JCP) Penny's department store, and the 5.73% quarter holiday (NYSE:GPS), which rose by $26.74 on Thursday.

Over the past 12 months, Gap Inc. (NYSE:GPS) has recorded a cumulative decline of over 40%, which hit a 52 week low of 23.86 dollars in the first trading day of 2016 January 4th.

Gap Cape brand and

Banana sales in the same store also fell by 2% and 9% respectively, but they were all down by 2.9% and 13.4%, according to analysts.

Art Peck Peck, chief executive of Gap Inc., said earlier that he expected the performance of the two brands to be improved after the new spring launch.