Gap shares are down 13% after the retailer narrowed the profit guide for the year
Gap Inc. on Thursday it narrowed its year-over-year profit orientation as it reported a decline in first-quarter tax sales, which were dragged down by its Old Navy business. Shares fell more than 10% after hours, after closing the day at 4%. An unbalanced mix of clothing sizes, ongoing inventory delays, and an increase in price …
Gap shares are down 13% after the retailer narrowed the profit guide for the year Read More »