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<item><link>http://www.alacrastore.com/research/creditsights-Retailers_Finding_the_Right_Fit_in_Store_Count-91809</link><cs:docid xmlns:cs="http://www.alacra.com/cs">91809</cs:docid><guid isPermaLink="false">cs/91809</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">We provide the transcript from our recent conference presentation on store expansion trends in the Retail sector.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">jgoldstein</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">dillards</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">gap</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">kohls</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">macys</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">neiman_marcus</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">nordstrom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">radioshack</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">saks</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">sears_holdings</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">target</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">wal_mart</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">dillards</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">gap</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">kohls</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">macys</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">neiman_marcus</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">nordstrom</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">radioshack</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">saks</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">sears_holdings</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">target</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">wal_mart</cs:companyMention><cs:csid xmlns:cs="http://www.alacra.com/cs">91809</cs:csid><pubDate>23 Nov 2009 11:05:15 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">91809</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:sector xmlns:cs="http://www.alacra.com/cs">consumer</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">retail</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">retail</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">consumer</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><title>Retailers: Finding the Right Fit in Store Count</title><cs:type xmlns:cs="http://www.alacra.com/cs">Transcript</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Transcript</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">4022</cs:wcnum><description> Retailers: Finding the Right Fit in Store Count Difficult economic conditions have brought a spotlight to the issue of store saturation in the United States. 

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(The)</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><description>The latest Summary from S&amp;P</description><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Apparel Retail</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">364760</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">36476J</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">36476K</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">36476L</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">36476M</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">36476N</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">36476P</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">25504010 255040 2550 25</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Gap Inc. (The)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">110024</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">GPS</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">ABS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">LEVFIN</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Retail</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">STRUC</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><title>Gap Inc intends a stock buyback</title><description>US - In ## November ####, the board of Gap Inc (Gap), a California-based owner and operator of retail outlet stores, authorized the repurchase of up to USD ### mil of the company's entire share capital in open market transactions.</description><pubDate>21 Nov 2009 11:25:33 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">364760</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">364760</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">364760</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">364760</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Gap Inc</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Gap Inc</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Gap Inc</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Gap Inc</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Gap_Inc_intends_a_stock_buyback-2129738020</link><guid isPermaLink="false">sdc/2129738020</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2129738020</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>New York</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Retail Trade-General Merchandise and Apparel</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>United States</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Family clothing stores</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>5651</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>CA</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>California</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Public</sdc:value></sdc:a_STATUS><sdc:a_TICKER><sdc:value>GPS</sdc:value></sdc:a_TICKER><sdc:asic_SIC><sdc:value sdc:p="0">5611:Men's and boys' clothing and accessory stores</sdc:value><sdc:value sdc:p="1">5621:Women's clothing stores</sdc:value><sdc:value sdc:p="2">5641:Children's and infants' wear stores</sdc:value><sdc:value sdc:p="3">5651:Family clothing stores</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">5611:Men's and boys' clothing and accessory stores</sdc:value><sdc:value 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stores</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Cash Only</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Common Stock</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>26627002</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Nov 21 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>6.80800</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>2152.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>2080.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>2121.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>1862.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>1733.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>2705.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>4745.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.38400</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>1509.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>1.31000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>932.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>1528.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>14015.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>7705.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_AEPS><sdc:value>0.00000</sdc:value></sdc:fiscal_AEPS><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_DATEFIN><sdc:value>01 Aug 09</sdc:value></sdc:fiscal_DATEFIN><sdc:fiscal_FISCAL><sdc:value>31 Jan 09</sdc:value></sdc:fiscal_FISCAL><sdc:fiscal_FISCAL1><sdc:value>31 Jan 08</sdc:value></sdc:fiscal_FISCAL1><sdc:fiscal_FISCAL2><sdc:value>31 Jan 07</sdc:value></sdc:fiscal_FISCAL2><sdc:fiscal_FISCAL3><sdc:value>31 Jan 06</sdc:value></sdc:fiscal_FISCAL3><sdc:fiscal_FISCAL4><sdc:value>31 Jan 05</sdc:value></sdc:fiscal_FISCAL4><sdc:fiscal_RATE><sdc:value>1.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value><sdc:value sdc:p="18">19.00000</sdc:value><sdc:value sdc:p="19">20.00000</sdc:value><sdc:value sdc:p="20">21.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Gap Inc, located in San</sdc:value><sdc:value sdc:p="1">Francisco, California, is an</sdc:value><sdc:value sdc:p="2">owner and operator of retail</sdc:value><sdc:value sdc:p="3">outlet stores selling casual</sdc:value><sdc:value sdc:p="4">apparel, accessories, and</sdc:value><sdc:value sdc:p="5">personal care products for</sdc:value><sdc:value sdc:p="6">men, women and children under</sdc:value><sdc:value sdc:p="7">the Gap, Old Navy, Banana</sdc:value><sdc:value sdc:p="8">Republic, and Forth &amp; Towne</sdc:value><sdc:value sdc:p="9">brands. It designs virtually</sdc:value><sdc:value sdc:p="10">all of its products,</sdc:value><sdc:value sdc:p="11">manufactured by independent</sdc:value><sdc:value sdc:p="12">sources and sells them under</sdc:value><sdc:value sdc:p="13">its brands. Its products range</sdc:value><sdc:value sdc:p="14">from wardrobe basics such as</sdc:value><sdc:value sdc:p="15">denim, khakis and t-shirts to</sdc:value><sdc:value sdc:p="16">fashion apparel, accessories</sdc:value><sdc:value sdc:p="17">and personal care products for</sdc:value><sdc:value sdc:p="18">men and women, ages teen</sdc:value><sdc:value sdc:p="19">through adult. The company was</sdc:value><sdc:value sdc:p="20">founded in 1969.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Gap Inc, located in San Francisco, California, is an owner</sdc:value><sdc:value sdc:p="1">and operator of retail outlet stores selling casual apparel,</sdc:value><sdc:value sdc:p="2">accessories, and personal care products for men, women and</sdc:value><sdc:value sdc:p="3">children under the Gap, Old Navy, Banana Republic, and Forth</sdc:value><sdc:value sdc:p="4">&amp; Towne brands. It designs virtually all of its products,</sdc:value><sdc:value sdc:p="5">manufactured by independent sources and sells them under its</sdc:value><sdc:value sdc:p="6">brands. Its products range from wardrobe basics such as</sdc:value><sdc:value sdc:p="7">denim, khakis and t-shirts to fashion apparel, accessories</sdc:value><sdc:value sdc:p="8">and personal care products for men and women, ages teen</sdc:value><sdc:value sdc:p="9">through adult. The company was founded in 1969.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Gap Inc, located in San Francisco, California, is an owner and operator of retail outlet stores selling casual apparel, accessories, and personal care products for men, women and children under the Gap, Old Navy, Banana Republic, and Forth &amp; Towne brands. It designs virtually all of its products, manufactured by independent sources and sells them under its brands. Its products range from wardrobe basics such as denim, khakis and t-shirts to fashion apparel, accessories and personal care products for men and women, ages teen through adult. The company was founded in 1969.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value><sdc:value sdc:p="18">19.00000</sdc:value><sdc:value sdc:p="19">20.00000</sdc:value><sdc:value sdc:p="20">21.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Gap Inc, located in San</sdc:value><sdc:value sdc:p="1">Francisco, California, is an</sdc:value><sdc:value sdc:p="2">owner and operator of retail</sdc:value><sdc:value sdc:p="3">outlet stores selling casual</sdc:value><sdc:value sdc:p="4">apparel, accessories, and</sdc:value><sdc:value sdc:p="5">personal care products for</sdc:value><sdc:value sdc:p="6">men, women and children under</sdc:value><sdc:value sdc:p="7">the Gap, Old Navy, Banana</sdc:value><sdc:value sdc:p="8">Republic, and Forth &amp; Towne</sdc:value><sdc:value sdc:p="9">brands. It designs virtually</sdc:value><sdc:value sdc:p="10">all of its products,</sdc:value><sdc:value sdc:p="11">manufactured by independent</sdc:value><sdc:value sdc:p="12">sources and sells them under</sdc:value><sdc:value sdc:p="13">its brands. Its products range</sdc:value><sdc:value sdc:p="14">from wardrobe basics such as</sdc:value><sdc:value sdc:p="15">denim, khakis and t-shirts to</sdc:value><sdc:value sdc:p="16">fashion apparel, accessories</sdc:value><sdc:value sdc:p="17">and personal care products for</sdc:value><sdc:value sdc:p="18">men and women, ages teen</sdc:value><sdc:value sdc:p="19">through adult. The company was</sdc:value><sdc:value sdc:p="20">founded in 1969.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Gap Inc, located in San Francisco, California, is an owner</sdc:value><sdc:value sdc:p="1">and operator of retail outlet stores selling casual apparel,</sdc:value><sdc:value sdc:p="2">accessories, and personal care products for men, women and</sdc:value><sdc:value sdc:p="3">children under the Gap, Old Navy, Banana Republic, and Forth</sdc:value><sdc:value sdc:p="4">&amp; Towne brands. It designs virtually all of its products,</sdc:value><sdc:value sdc:p="5">manufactured by independent sources and sells them under its</sdc:value><sdc:value sdc:p="6">brands. Its products range from wardrobe basics such as</sdc:value><sdc:value sdc:p="7">denim, khakis and t-shirts to fashion apparel, accessories</sdc:value><sdc:value sdc:p="8">and personal care products for men and women, ages teen</sdc:value><sdc:value sdc:p="9">through adult. The company was founded in 1969.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Gap Inc, located in San Francisco, California, is an owner and operator of retail outlet stores selling casual apparel, accessories, and personal care products for men, women and children under the Gap, Old Navy, Banana Republic, and Forth &amp; Towne brands. It designs virtually all of its products, manufactured by independent sources and sells them under its brands. Its products range from wardrobe basics such as denim, khakis and t-shirts to fashion apparel, accessories and personal care products for men and women, ages teen through adult. The company was founded in 1969.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>697.84000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>U.S. Dollar</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>17 Nov 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Tue, 17 Nov 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 11/17/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Buyback</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Not Appl.</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>500 U.S. Dollar</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>500.00000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>500 U.S. Dollar</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>500.00000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>0.00000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>500 U.S. Dollar</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>1.00000</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>297.72500</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>500.00000</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>500.00000</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPE><sdc:value>17.25200</sdc:value></sdc:j_MPE><sdc:j_MPRICEBOOK><sdc:value>3.32000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>0.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.33100</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_C1DAY><sdc:value>22.49000</sdc:value></sdc:m_C1DAY><sdc:m_C1WK><sdc:value>22.68000</sdc:value></sdc:m_C1WK><sdc:m_C4WK><sdc:value>22.60000</sdc:value></sdc:m_C4WK><sdc:m_CF3YGR><sdc:value>10.63000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>-5.89900</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>20.03600</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>2.58400</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>15771.20700</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>4745.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>-7.91900</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>-2.90500</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>11.48700</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>-4.24000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">US - In 17 November 2009, the</sdc:value><sdc:value sdc:p="1">board of Gap Inc (Gap), a</sdc:value><sdc:value sdc:p="2">California-based owner and</sdc:value><sdc:value sdc:p="3">operator of retail outlet</sdc:value><sdc:value sdc:p="4">stores, authorized the</sdc:value><sdc:value sdc:p="5">repurchase of up to USD 500</sdc:value><sdc:value sdc:p="6">mil of the company's entire</sdc:value><sdc:value sdc:p="7">share capital in open market</sdc:value><sdc:value sdc:p="8">transactions.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>US - In 17 November 2009, the board of Gap Inc (Gap), a California-based owner and operator of retail outlet stores, authorized the repurchase of up to USD 500 mil of the company's entire share capital in open market transactions.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">US - In 17 November 2009, the board of Gap Inc (Gap), a California-based owner and</sdc:value><sdc:value sdc:p="1">operator of retail outlet stores, authorized the repurchase of up to USD 500 mil of the</sdc:value><sdc:value sdc:p="2">company's entire share capital in open market transactions.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">US - In 17 November 2009, the board of Gap Inc (Gap), a California-based owner and operator of retail outlet stores, authorized the repurchase of up to USD 500 mil of the company's entire share</sdc:value><sdc:value sdc:p="1">capital in open market transactions.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">US - In 17 November 2009, the board of Gap Inc (Gap), a California-based owner and operator of retail outlet stores, authorized the</sdc:value><sdc:value sdc:p="1">repurchase of up to USD 500 mil of the company's entire share capital in open market transactions.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Intended</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>6.80800</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>2080.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>2121.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>1862.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>1733.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>2705.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>4745.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>1509.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>1.34000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>1.05000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.93000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>1.24000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>1.21000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>1.31000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>4745.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>4387.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>4274.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>5174.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>5425.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>4936.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>967.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>833.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>778.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>1113.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>1150.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>932.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>1584.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>1406.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>1264.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>1793.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>1872.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>1528.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>14526.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>15763.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>15943.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>16023.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>16267.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>14015.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>7705.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>7291.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>7543.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>8357.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>8617.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>9912.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Intended</sdc:value></sdc:q_STATUS><sdc:r_CURR_CODE><sdc:value>US</sdc:value></sdc:r_CURR_CODE><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.10900</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>11.94500</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>-4.09000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>19.64200</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>-4.54700</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>-2.79000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>4745.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>-6.59500</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>-7.39000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value 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Board of Directors</title><description> Nov. ##, #### (Business Wire) --  Gap Inc. (NYSE:GPS) today announced that Bill Fisher, son of the company founders Doris and Don Fisher and former ##-year veteran of the company, was elected to serve on the Board of Directors, effective...</description><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">GAP INC</newstex:index_entry_company><newstex:index_entry_person xmlns:newstex="http://www.alacra.com/newstex">DONALD G FISHER</newstex:index_entry_person><newstex:index_entry_person xmlns:newstex="http://www.alacra.com/newstex">Glenn Murphy</newstex:index_entry_person><newstex:index_entry_person xmlns:newstex="http://www.alacra.com/newstex">WILLIAM SYDNEY FISHER</newstex:index_entry_person><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">GPS</newstex:index_entry_ticker><category>News</category><alacra:ip>Newstex</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-October_US_Retail_Sales_A_Study_in_Relativity-90994</link><cs:docid xmlns:cs="http://www.alacra.com/cs">90994</cs:docid><guid isPermaLink="false">cs/90994</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">October US retail sales results showed improvement - but only against the extremely weak performance seen in the year-ago period.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">jgoldstein</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">dillards</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">gap</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">jc_penney</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">kohls</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">macys</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">neiman_marcus</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">nordstrom</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">saks</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">target</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">wal_mart</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">dillards</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">gap</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">jc_penney</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">kohls</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">macys</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">neiman_marcus</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">nordstrom</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">saks</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">target</cs:companyFocus><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">wal_mart</cs:companyFocus><cs:csid xmlns:cs="http://www.alacra.com/cs">90994</cs:csid><pubDate>09 Nov 2009 11:44:40 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">90994</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">united_states</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">consumer</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">department_stores</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">retail</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">retail</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">consumer</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">department_stores</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">high_yield</cs:tagMention><title>October US Retail Sales: A Study in Relativity</title><cs:type xmlns:cs="http://www.alacra.com/cs">USRetailSales</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Monthly US Retail Sales</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">2593</cs:wcnum><description> October US Retail Sales: A Study in Relativity With third quarter retail earnings season just around the corner, retailers gave an updated glimpse of shopping trends in October. 
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Sales October Sales Pre-Recorded Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GPS</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>Gap Inc. Sales October Sales Pre-Recorded Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Unidentified Participant Thank you for calling Gap Inc.'s monthly sales recording for October sales. I would like to remind you that the information made available on this sales regarding contains certain forward-looking statements including but not limited to forecasts relating to diluted earnings-per-share and operating expenses. Forward-looking statements also include statements that express our expectations, anticipations, beliefs, estimates, intentions, plans and forecasts. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. Information regarding factors that could cause results to differ can be found in our Form ##-K for the fiscal year ended January ##, ####. Investors should also consult our quarterly report on Form ##-Q for the fiscal quarter ended August #, #### and today's sales press release, which is available on gapinc.com....

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Analyst Meeting Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GPS</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:30am ET</ccbn:time><title>Gap Inc. Analyst Meeting Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Lorraine Hutchinson Banc of America Merrill Lynch - Analyst Barbara Wyckoff Jesup &amp; Lamont Securities Corporation - Analyst Todd Slater Lazard Capital Markets - Analyst Richard Jaffe Stifel Nicolaus &amp; Company - Analyst...

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isPermaLink="false">ccbn/T2482814</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>08 Oct 2009 10:11:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2482814</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of GPS sales update conference call or presentation, 8-Oct-09 8:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Gap Inc.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Gap Inc. Sales September Sales Pre-Recorded Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GPS</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>Gap Inc. Sales September Sales Pre-Recorded Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Evan Price - Gap Inc. - VP, IR Good morning. This is Evan Price, Vice President of Investor Relations with a report on monthly sales for September ####. (Operator Instructions). Total Company net sales were $#.## billion for the five-week period ended October #, ####, down #% from last year's sales of $#.## billion for the five-week period ended October #, ####. Total Company comparable store sales decreased #% compared with a decrease of ##% for September ####. Brand-specific comps for the month were as follows; Gap, negative #% versus negative #% last year; Banana Republic, negative ##% versus negative #% last year; Old Navy, positive ##% versus negative ##% last year; international, negative #% versus positive #% last year. Regarding September sales results, we are pleased with the continued progress at Old Navy and that total Company merchandise margins were significantly above last year. Comps in September were strongest in week five and weakest in week three. By region, comp performance...

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