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 SAN FRANCISCO (AP) - Gap Inc.'s management has changed, but the troubled clothing retailer's financial trends remain distressingly familiar with both profits and sales still evaporating.
Although it wasn't quite as bad as analysts feared, Gap's first-quarter profit fell by 26 percent as the San Francisco-based company struggled to win back shoppers after several years of fashion missteps.
Meanwhile, comparable-store sales — a key gauge of a merchant's health — crumbled by another 4 percent.
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