US retailer Gap has reported a 1% increase in sales for 2024 to $15.1 billion.

Group CEO Richard Dickson said: “These strong results are underpinned by the momentum we’re seeing in our operational execution, our culture and the reinvigoration of our brands as they climb in the cultural conversation. 

“Looking ahead, 2025 represents an exciting step in our ongoing transformation as we continue to drive toward becoming a high performing house of iconic American brands that delivers long-term value for our shareholders.”

The group owns Old Navy, Gap, Banana Republic and Athleta.

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