Gap reports surprise rise in comparable sales fueled by online demand

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Analysts had forecast a 20.97% fall in comparable sales, according to IBES data from Refinitiv.

The San Francisco-based retailer reported a net loss of $62 million, or 17 cents per share, for the second quarter ended Aug. 1, compared to a profit of $168 million, or 44 cents per share, a year earlier.