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clothing retailer

August 19, 2011

Family-controlled fashion retailer Gap Inc has seen a fall in its second-quarter domestic sales, as it struggles with a drop in customers and higher production costs.

Family-controlled fashion retailer Gap Inc has seen a fall in its second-quarter domestic sales, as it struggles with a drop in customers and higher production costs.

The largest American clothing company by revenues, controlled by the founding Fisher family, announced on 18 August that its US revenues for its flagship brand dropped to $734 million (€512 million) in the second fiscal quarter, from $776 million for the same period last year.

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