Gap’s 2Q profit up 28 percent

Published August 16, 2012 8:11pm ET



NEW YORK (AP) — Gap Inc. on Thursday reported a 28 percent increase in second-quarter net income as the fashion retailer’s moves to liven up its clothing attracted more shoppers back to its stores.

Gap, which operates stores under its namesake, Old Navy, Banana Republic and Athleta, also raised its full-year profit guidance though it’s below what Wall Street analysts forecast.

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