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Friday, May 31, 2019

Gap cuts profit forecast after 'extremely challenging' quarter; shares slump 11%

  Mian Adeel Soomro       Friday, May 31, 2019
Gap Inc cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand, underscoring its struggles to compete with fast-fashion retailers in the face of changing customer preferences.


from Reuters: Business News https://reut.rs/2EIlhcG
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Thanks for reading Gap cuts profit forecast after 'extremely challenging' quarter; shares slump 11%

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