The negative impact from the Fishkill fire muddled Gap's September sales numbers, and the company expects it to have a negative impacts of 3 percentage points during October. Even backing out the effects of this one-time event, both Gap Global and Banana Republic posted steep sales declines. Old Navy was the company's savior, and higher merchandise margins suggest that Gap has been able to be less promotional. These are good signs, but it's clear that the company has a long way to go.
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