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Feb 8, 2012

Gap shares a value play despite drab sales

Feb 7 (Reuters) – For all the questions over whether
Gap Inc (GPS.N: Quote, Profile, Research) can turn around its business after years of
disappointing sales, it might still be a good retail stock to
bet on this year.

Some analysts and investors say Gap’s thick stash of cash
and cheap valuation make it a good investment even if sales
continue to decline a few percentage points this year, pointing
to $500 million in costs that were taken out from fiscal 2007
through 2010.

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    • About Nivedita

      "Reporter, covering the consumer/retail sector. Apparel is the beat. Currently based in Chicago. Joined Reuters in 2008"
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      Joined Reuters:
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