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Gap’s Struggle

 1 min read / 


Trader’s Remarks:

Gap has been struggling to reverse a decline in same-store sales, hurt by sluggish traffic at many malls and a consumer shift away from apparel spending. The flow of dollars online has taken a toll on department stores and other traditional retailers. On the other hand, as Amazon entices more clothing shoppers, it’s poised to become the No. 1 US apparel retailer by next year according to some reports.

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