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Gap Inc.

Gap stock plunges after holiday sales fall, including at Old Navy

Gap stock plunges after holiday sales fall, including at Old Navy

Shares of Gap Inc. plummeted Friday, the day after the retailer reported a decline in its holiday season sales, including at stalwart brand Old Navy.

Its stock sank $3.83, or more than 14%, to close at $22.91 — its lowest price in almost four years. The San Francisco company is having a rough stretch: Shares are down nearly 47% from a year ago. 

Net sales for the company decreased 4% to $2 billion in the five-week period that ended Jan. 2.

Sales were down across the company's brands.

Gap Brand Global was down 2% from a year earlier -- not as sharp a decline as it experienced during the 2014 holiday season,...

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