Gap Inc. posted higher quarterly sales, signaling progress in its turnaround efforts. The retailer’s new CEO, Richard Dickson, reported that all four of Gap Inc.’s brands - Gap, Old Navy, Banana Republic, and Athleta - achieved gains in the latest quarter. Excluding newly opened or closed stores, the company’s sales rose 3% on that basis. This is a positive result for the company, considering the streak of lackluster results in previous quarters. Dickson’s plan for revitalizing Gap Inc. seems to be paying off.
