Gap will launch in Thailand next spring after signing a franchise agreement with Armin Systems. 

Gap also said that comparable store sales in June were down 10 per cent, while total sales fell 9 per cent to Story text.29bn.

Store sales for Banana Republic in North America fell the most on a comparable basis, down 20 per cent compared with a 5 per cent fall in June last year. International like-for-like sales fell 5 per cent.