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WWD 08/18/2006

WWD 08/18/2006

Gloomy Days at Gap: Second-Quarter Profits Slide 52.9 Percent

Gap Inc., struggling to win back customers and showing few signs that turnaround efforts have begun to have an impact, posted more than a 50 percent fall in net profits and a 5 percent decline in comparable-store sales in the second quarter.

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