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Why Gap (GPS) Stock Is Sliding Today

NEW YORK (TheStreet) -- Shares of Gap (GPS) were retreating in mid-morning trading on Friday after the retailer said late yesterday that sales in August fell 2% to $1.17 billion year-over-year.

The company's comparable-store sales for August fell 3% vs. a 2% drop a year ago.

Gap comparable-store sales fell 5% compared to a decline of 8% last year...