Gap Inc reported a surprise rise in quarterly same-store sales on Thursday, the latest sign that the apparel retailer's turnaround plan is working.The company's shares were up 3.9% at $24.1 in trading after the bell.
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Gap Inc said fourth-quarter sales gained 1%, on the back of a positive January trade, up 2% for the month. Old Navy sales continued to drive group revenues, helped along by Banana Republic's narrowed comp sales loss.