Gap registers 8.7% in the high 2° fiscal quarter profit

SAO PAULO-the Gap, American Apparel stores network, recorded in the second fiscal quarter, ended August 2, a net income of $ 332 million, with a high of 8.7% over the same period last year.
Already revenues from the company's sales rose 3 percent on the same comparison, to $ 3.98 billion.
The company's gross margin was 39.4% compared to 40.5% reported a year earlier. Meanwhile, its operating costs fell 4.2%, to $ 1 billion.
Sales made with the brand Gap had 5% fall in the range. Already the brand Banana Republic showed an improvement of 4% from one year to the next.
The retailer also announced today that it has plans to enter India, second most populous country in the world, as part of its global expansion strategy of the brand. The brand franchises would begin to operate in the country in 2015.