“Gap (GPS) is benefiting from the shift in consumer demand toward comfort and casual and impressively increasing its online sales penetration across brands. We believe Old Navy’s authority in the value space and Athleta’s compelling brand positioning in athleisure are resonating with consumers in the current environment and should serve […]
comparable
FILE PHOTO: A Gap Inc. retail store is shown in La Jolla, California, U.S., May 17, 2017. REUTERS/Mike Blake (Reuters) – Apparel retailer Gap Inc (GPS.N) reported a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home due to the COVID-19 pandemic bought more of […]