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Gap isn't sole retailer with inventory problems

2014-04-11 22:04:50| Apparel - Topix.net

Gap Inc. on Friday fell as much as 5.8% after the parent of Old Navy and Banana Republic reported disappointing March sales and warned that declining traffic and excess inventory would likely cause its first-quarter gross margin to decline at a much faster rate than its drop of almost 3% in the fourth quarter.

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Category:Consumer Goods and Services

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