Gap saw a decline in sales for all brands in the second quarter.

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Gap Sees Lower Sales for Second Quarter

Gap is saying that it saw a decline in sales for all of its brands during the second quarter. It's now expecting more of a full year revenue decline than it originally anticipated. The company is citing an uncertain consumer environment for its lowered outlook. The company's newly appointed CEO says, quote, we have to do things differently with a clear focus on redefining our brands meaning to customers.