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Gap downgraded to junk status as mulls streamlining

2016-05-11 17:22:00| Daily apparel & textile news and comment - from just-style.com

US specialty clothing retailer Gap Inc has been downgraded to junk status by Fitch Ratings in the latest of a series of woes for the company, which earlier this week warned about slumping sales in its first quarter and steps to streamline its business.

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Category:Consumer Goods and Services

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