Gap stock plunges on weak sales

Gap shares plunged Friday after the company announced another weak sales report.

Gap Inc. said net sales for the five weeks that ended April 2 dropped over 15 percent to $1.4 billion from $1.5 billion during the same time period a year earlier.

"While March proved challenging, we remain focused on taking the necessary steps to improve results across the portfolio throughout the year," Chief Financial Officer Sabrina Simmons said in a news release.

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