Gap boosts 1Q profit on tight cost management
(AP)
<p><img src="http://d.yimg.com/us.yimg.com/p/ap/20080522/capt.a6ea7afbc0304b43ae150a29ff256fce.earns_gap_caps205.jpg?x=130&y=86&q=85&sig=rjjfXa_vSezQ1afOJQWnOA--" align="left" height="86" width="130" alt="Gap Kids clothes on display at a Gap Kids store in Palo Alto, Calif., Wednesday, May 21, 2008. Gap Inc. is expected to release quarterly earnings after the closing bell Thursday. (AP Photo/Paul Sakuma)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20080522/ap_on_bi_ge/earns_gap)AP - Clothing retailer Gap Inc. boosted its first-quarter profit by 40 percent despite a persistent sales slump that seems likely to deepen this summer as consumers scrimp on fashion to help offset rising gasoline and food bills.</p><br clear="all"/>
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