Gap Inc. delivered a weak quarterly result with most of its core brands including Gap, Old Navy, Banana Republic, and Athleta performing below expectations. The company has been experiencing supply chain disruptions caused by the two-and-a-half-month closure of its top manufacturing country, Vietnam, as well as port congestion. This took a heavy toll on the company's ability to source inventory for its stores and impacted its ability to fully meet the customer demand. It is worth highlighting th ....
13 Dec 2021
Gap Inc.: How Long Will The Apparel Giant’s Pain Continue? (12/2021)
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Gap Inc.: How Long Will The Apparel Giant’s Pain Continue? (12/2021)
- Published:
13 Dec 2021 -
Author:
Ishan Majumdar -
Pages:
14
Gap Inc. delivered a weak quarterly result with most of its core brands including Gap, Old Navy, Banana Republic, and Athleta performing below expectations. The company has been experiencing supply chain disruptions caused by the two-and-a-half-month closure of its top manufacturing country, Vietnam, as well as port congestion. This took a heavy toll on the company's ability to source inventory for its stores and impacted its ability to fully meet the customer demand. It is worth highlighting th ....