Gap Inc. shares climbed 2.6% in late trading after the retailer said June same-store sales increased 2%. Sales for the five weeks ending July 2, 2016 totaled $1.57 billion, up 2% from $1.54 billion for the same period last year. The retailer reported a 1% same-store sales decline at its namesake Gap Global brand and a 4% same-store sales decrease at the Banana Republic brand. But same-store sales at the Old Navy brand were up 5% for the month. Gap shares are down 44.5% for the past year while the S&P 500 is up 0.8% for the same period.
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