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THE RUNDOWN

Discount Apparel Sales Growth


They will come to the mall and buy your stuff if they feel like they’re getting a deal. Gap Inc. and Ross Stores Inc. have been posting sales that exceed analyst estimates. Gap’s sales, powered by Old Navy, rose 3 percent in the latest quarter. At Ross, comparable sales growth was 4 percent. Both are succeeding in a challenging retail environment.

Why?

Both are offering cut-rate prices.

#retail #trends