Gap brand

The iconic American clothing brand Gap was experiencing hard times before the pandemic hit. Now, the retailer is struggling to stay alive.

Gap Announces More Store Closures http://ift.tt/20gjePa #BritishVogue #Fashion

Gap made a major mistake in this Ad.

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Gap has reported net sales of $3.28 billion in Q1 FY23, a-6 per cent YoY drop, affected by a 4-per cent decrease in store sales and a 9-per cent dip in online sales. Despite an operating loss of $10 million, the adjusted gross margin grew by 570 basis points to 37.2 per cent. Brands Old Navy, Gap, Banana Republic, and Athleta all experienced declining sales.

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Debenhams, Monsoon, Oasis, Topshop, Topman, Miss Selfridge, and Warehouse have all left the market