GAP Succumbs to Pandemic Sales Drought, Continues Shuttering Stores

With a disappointing Q2 2020 under its belt, GAP is still facing uncertain waters in Quarter 3. The fast-fashion juggernaut reported another round of losses -- that admittedly beat expectations -- and even more store closures, leading to shrinking stock prices. Though some of its brands are seeing impressive growth -- including Old Navy and Athleta, the latter coasting off stay-home sweatpant fever -- GAP's eponymous line and Banana Republic continue to suffer declining sales, though a surge in ...