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From Times Staff and Wire Reports

Gap Inc. to Open 150 New Stores: The clothing retailer told analysts it will open the stores in 1994 and that its third-quarter net income rose 27%. This year, the company opened 110 stores, not counting Gap Warehouses. Gap’s net income surged to $78.9 million, or 54 cents a share, from $62 million, or 43 cents, in the year-earlier period. The company attributed the earnings rise to a better merchandise mix and fewer markdowns. Sales rose 9% from the year-ago quarter, but same-store sales, or sales at units open at least a year, fell 1%.

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