* Gap Inc.’s fiscal second-quarter earnings fell...
From Times Wire Services
* Gap Inc.’s fiscal second-quarter earnings fell 27% on a combination of lower margins and declining sales.
The retailer said it earned $32.4 million, or 22 cents a share from $44.4 million, or 30 cents, a year ago.
Revenue in the quarter ended July 29 rose 12% to $868.5 million from $773.1 million a year ago.
San Francisco-based Gap’s same-store sales, or sales at stores open at least a year, have declined the past three months, with July showing the biggest drop at 6%.
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