Gap shares fall over 10% after retailer slashes profit guidance for the year
May 26, 2022 Comments Off
The lower-income consumer, which is Old Navy’s target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC.
Gap shares fall over 10% after retailer slashes profit guidance for the year
The lower-income consumer, which is Old Navy’s target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC.
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