Article: Gap Sees Signs of Turnaround after Painful Restructuring.

By Lauren Chambliss, Evening Standard, London Knight Ridder/Tribune Business News

Jan. 23--In the latest riveting chapter of Retails From The Crypt, Gap is returning to life after two years in a self-induced coma.

Analysts and investors are increasingly convinced that after comparatively strong Christmas sales, Gap's turnaround is real. Like Marks & Spencer, a wrenching restructuring -- when nothing seemed to go right -- is now starting to pay off.

Cost-cutting, image-building, refocused merchandise, remodelled stores and smart marketing are helping Gap to increase sales in a miserable global retail environment.

In December, Gap ...

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