Old Navy saves Gap's khaki butt

America’s top retailers in trouble

Fans of cardigans, turtlenecks and khakis rejoice! The Gap appears to be making a comeback.

Shares of The Gap, which also owns Banana Republic and Old Navy, soared nearly 15% Friday after the company reported sales for September that weren’t as bad as feared. The stock is now up for the year as a result of Friday’s pop.

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