Gap falls through the inflation gap

Gap has highlighted the uncertainty facing clothing retailers. Shares in the San Francisco-based purveyor of jeans and casual sweatshirts fell over 19% in Friday morning trading, the day after it announced that Old Navy boss Nancy Green was leaving the division. The $4 billion company also warned sales in the three months to the end of April would be down by more than 10%, worse … Continue reading Gap falls through the inflation gap