Prepared By R.R. Donnelley Financial -- Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): 07/10/2008

The Gap, Inc.

(Exact name of registrant as specified in its charter)

Commission File Number: 1-7562

Delaware		94-1697231
(State or other jurisdiction of		(IRS Employer
incorporation)		Identification No.)

2 Folsom Street

San Francisco, CA 94105

(Address of principal executive offices, including zip code)

(650) 952-4400

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure

On July 10, 2008, The Gap, Inc. (the "Company") issued a press release announcing the Company's sales for the fiscal month ended July 5, 2008. A copy of this press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

99.1 Press Release dated July 10, 2008

Signature(s)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		The Gap, Inc.


Date: July 10, 2008	By:	/s/ Sabrina L. Simmons
		Sabrina L. Simmons
		Executive Vice President and Chief Financial Officer

Exhibit Index

Exhibit No.		Description
EX-99.1		Press Release dated July 10, 2008

EX-99.1 2 rrd213006_25000.htm PRESS RELEASE DATED JULY 10, 2008 GAP INC GAP INC. REPORTS JUNE SALES DOWN 2 PERCENT; COMPARABLE STORE SALES DOWN 7 PERCENT

SAN FRANCISCO - July 10, 2008 - Gap Inc. (NYSE: GPS) today reported net sales of $1.41 billion for the five-week period ended July 5, 2008, which is a decrease of 2 percent as compared with net sales of $1.44 billion for the same period ended July 7, 2007. The company's comparable store sales for June 2008 decreased 7 percent compared with a 5 percent decrease for June 2007.

Comparable store sales by division for June 2008 were as follows:

Gap North America: negative 5 percent versus negative 9 percent last year
Banana Republic North America: negative 5 percent versus positive 6 percent last year
Old Navy North America: negative 10 percent versus negative 7 percent last year
International: negative 7 percent versus flat last year

"Our June sales events helped us successfully clear through summer merchandise at each brand," said Sabrina Simmons, chief financial officer of Gap Inc. "As a result, we achieved total company merchandise margins significantly above last year, and our stores are well-positioned for early fall product."

Year-to-date net sales were $5.88 billion for the 22 weeks ended July 5, 2008, a decrease of 5 percent compared with net sales of $6.18 billion for the 22 weeks ended July 7, 2007. The company's year-to-date comparable store sales decreased 11 percent compared with a 4 percent decrease in the prior year.

For more detailed information regarding the company's June 2008 sales, please call 1-800-GAP-NEWS to listen to Gap Inc.'s monthly sales recording. International callers may call 706-634-4421.

July Sales

The company will report July sales on August 7, 2008.

About Gap Inc.

Gap Inc. is a leading international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy, and Piperlime brand names. Fiscal 2007 sales were $15.8 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Ireland and Japan. In addition, Gap Inc. is expanding its international presence with franchise agreements for Gap and Banana Republic in Asia, Europe, and the Middle East. For more information, please visit gapinc.com.

Investor Relations:

Evan Price

415-427-2161

Media Relations:

Kris Marubio

415-427-1798

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