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WWD 11/17/2006

WWD 11/17/2006

Gap Inc. Still Struggling: Slow Turnaround Seen As Net Declines 10.8%

As the $16 billion retailer reported a 10.8 percent decline in third-quarter earnings, due in part to sagging sales at Old Navy, chief executive officer Paul Pressler admitted it still will take seom time to rebuild foot traffic in the group's stores.

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