A decline in sales for the US chain Gap is proving tough markets are international. In the four-week period to November 27, group sales of $1.4bn were level with last year. Total comparable sales fell by 4 per cent for the month across Gap's four divisions.

Thus far, Gap International sales has fallen by 9 per cent. The Banana Republic chain saw a 3 per cent decline, with a 5 per cent decline in the Old Navy division.