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GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt

 
General Mishka
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04/22/2022 08:55 AM
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GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I think people arent buying as many clothes, just wearing old ones cuz of high gas and food costs

[link to www.cnbc.com (secure)]

Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business.
The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week.
As Gap searches for Green’s successor, the company’s CEO, Sonia Syngal, will be working closely with the Old Navy team, the retailer said Thursday.
Grove Street (Redux 3.0)

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04/22/2022 08:59 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
i didn't know the Gap even existed in the last 10 years

i haven't heard about or seen a store in many years.

i thought that was an 80s or 90's thing

Chess King still around?

Last Edited by Grove Street (Redux 3.0) on 04/22/2022 09:00 AM
And this is why we can't have nice things.
Fence Rider

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04/22/2022 09:08 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I think people arent buying as many clothes, just wearing old ones cuz of high gas and food costs

[link to www.cnbc.com (secure)]

Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business.
The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week.
As Gap searches for Green’s successor, the company’s CEO, Sonia Syngal, will be working closely with the Old Navy team, the retailer said Thursday.
 Quoting: General Mishka


Reminds me I need to replace my crotch rotted cargo shorts and hardened flip flops.
LadyJaneSmithModerator
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04/22/2022 09:10 AM

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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
When money gets tight, unnecessary new clothes, restaurants, movie theatres, premium channels, sporting events, etc are the first things people eliminate from the budget.
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
General Mishka  (OP)

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04/22/2022 09:12 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
i didn't know the Gap even existed in the last 10 years

i haven't heard about or seen a store in many years.

i thought that was an 80s or 90's thing

Chess King still around?
 Quoting: Grove Street (Redux 3.0)


The company operates six primary divisions: Gap (the namesake banner), Banana Republic, Old Navy, Intermix, Hill City, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M.[6] As of September 2008, the company has approximately 135,000 employees and operates 3,727 stores worldwide, of which 2,406 are located in the U.S.[7]

Wiki


Me? I like Banana Rep
LadyJaneSmithModerator
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04/22/2022 09:12 AM

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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
i didn't know the Gap even existed in the last 10 years

i haven't heard about or seen a store in many years.

i thought that was an 80s or 90's thing

Chess King still around?
 Quoting: Grove Street (Redux 3.0)


I still have my late 90s GAP denim jackets & jeans. Something Micro-Mini LJS loves.

They have all disappeared from my possession, along with a lot of the Ralph Lauren I held onto that she refers to as "light academia". I thought it was just "preppy".
chuckle
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
General Mishka  (OP)

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04/22/2022 09:15 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
i didn't know the Gap even existed in the last 10 years

i haven't heard about or seen a store in many years.

i thought that was an 80s or 90's thing

Chess King still around?
 Quoting: Grove Street (Redux 3.0)


I still have my late 90s GAP denim jackets & jeans. Something Micro-Mini LJS loves.

They have all disappeared from my possession, along with a lot of the Ralph Lauren I held onto that she refers to as "light academia". I thought it was just "preppy".
chuckle
 Quoting: LadyJaneSmith


In the early 80s, Ralph Lauren stores would give you a glass of wine as you shopped

2 survivors
A Polo sweatshirt and a Polo Jacket
They still look new
Anonymous Coward
User ID: 79367141
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04/22/2022 09:57 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I think people arent buying as many clothes, just wearing old ones cuz of high gas and food costs

[link to www.cnbc.com (secure)]

Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business.
The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week.
As Gap searches for Green’s successor, the company’s CEO, Sonia Syngal, will be working closely with the Old Navy team, the retailer said Thursday.
 Quoting: General Mishka


Im a long time Old Navy customer. Their clothes got super cheap over the years, thinner than Walmart clothing. Thats why my purchases dwindled down cause of declining quality. They make one wash disposable clothes. Horrible
Anonymous Coward
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04/22/2022 09:58 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I think people arent buying as many clothes, just wearing old ones cuz of high gas and food costs

[link to www.cnbc.com (secure)]

Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business.
The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week.
As Gap searches for Green’s successor, the company’s CEO, Sonia Syngal, will be working closely with the Old Navy team, the retailer said Thursday.
 Quoting: General Mishka


Hollister is much better. Ive moved on from cheap Old Navy quality to Hollister
Anonymous Coward
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04/22/2022 10:13 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I think people arent buying as many clothes, just wearing old ones cuz of high gas and food costs

[link to www.cnbc.com (secure)]

Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business.
The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week.
As Gap searches for Green’s successor, the company’s CEO, Sonia Syngal, will be working closely with the Old Navy team, the retailer said Thursday.
 Quoting: General Mishka


Im a long time Old Navy customer. Their clothes got super cheap over the years, thinner than Walmart clothing. Thats why my purchases dwindled down cause of declining quality. They make one wash disposable clothes. Horrible
 Quoting: Anonymous Coward 79367141


Yes, and they got rid of free shipping for Navyist Rewards. My orders from them have dwindled to almost nothing because you have to buy $50 to get free shipping now.

And store pickup doesn't work because most items are not available in local stores.

My kids hate their clothes anyway.
LadyJaneSmithModerator
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04/22/2022 10:17 AM

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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
i didn't know the Gap even existed in the last 10 years

i haven't heard about or seen a store in many years.

i thought that was an 80s or 90's thing

Chess King still around?
 Quoting: Grove Street (Redux 3.0)


I still have my late 90s GAP denim jackets & jeans. Something Micro-Mini LJS loves.

They have all disappeared from my possession, along with a lot of the Ralph Lauren I held onto that she refers to as "light academia". I thought it was just "preppy".
chuckle
 Quoting: LadyJaneSmith


In the early 80s, Ralph Lauren stores would give you a glass of wine as you shopped

2 survivors
A Polo sweatshirt and a Polo Jacket
They still look new
 Quoting: General Mishka


All my Lauren pieces aged well too. High quality. At least she has not ran off with the kid suede jackets ... yet.
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
General Mishka  (OP)

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04/22/2022 10:17 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I think people arent buying as many clothes, just wearing old ones cuz of high gas and food costs

[link to www.cnbc.com (secure)]

Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business.
The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week.
As Gap searches for Green’s successor, the company’s CEO, Sonia Syngal, will be working closely with the Old Navy team, the retailer said Thursday.
 Quoting: General Mishka


Hollister is much better. Ive moved on from cheap Old Navy quality to Hollister
 Quoting: Anonymous Coward 79367141


I now buy all my clothes at Dicks Sporting Goods Golf Dept or COSTCO

but I like Banana Republic which is part of GAP
Anonymous Coward
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04/22/2022 10:29 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
When money gets tight, unnecessary new clothes, restaurants, movie theatres, premium channels, sporting events, etc are the first things people eliminate from the budget.
 Quoting: LadyJaneSmith


hesright
Anonymous Coward
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04/22/2022 10:29 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
They saw a gap in their gross income?
Jmoore

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04/22/2022 10:38 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
Supply chain my ass. It's more like rent doubling and food going up in price.
Anonymous Coward
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04/22/2022 10:54 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
i didn't know the Gap even existed in the last 10 years

i haven't heard about or seen a store in many years.

i thought that was an 80s or 90's thing

Chess King still around?
 Quoting: Grove Street (Redux 3.0)


and Abercrombie Finch?
Anonymous Coward
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04/22/2022 10:55 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
i didn't know the Gap even existed in the last 10 years

i haven't heard about or seen a store in many years.

i thought that was an 80s or 90's thing

Chess King still around?
 Quoting: Grove Street (Redux 3.0)


Mr. Rags
Anonymous Coward
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04/22/2022 11:10 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
Not just Gap. I work in retail. Everyone is down compared to last year. Noticeable difference in spending since February...
Anonymous Coward
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04/22/2022 11:14 AM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I like their clothes, as they fit my tall, size 2 body and they wash well.

I hate their woke ad campaigns and fat, scowling online models.

Also, it’s difficult to imagine how the item will look on me when the model for the item is a plus size.

Go woke and go broke.
M R E

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04/22/2022 11:40 AM

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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
Supply chain my ass. It's more like rent doubling and food going up in price.
 Quoting: Jmoore


wages in my area have gone up around 30% since March 2020, rents are up 20 to 25%, food prices have chewed up the rest plus a lot more! $15 to $20 an hour Burger flippers has many consequence's!!


peace
would rather have it & not need it then need it & not have it
Anonymous Coward
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04/22/2022 12:39 PM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
everything is gonna see a slowdown. My grocery store is in a middle/lower income area and weve seen a major drop in shopping
Anonymous Coward
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04/22/2022 12:39 PM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I'm guessing GAP is PC krap?
General Mishka  (OP)

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04/22/2022 12:42 PM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I'm guessing GAP is PC krap?
 Quoting: Anonymous Coward 80942812


GAP has some higher end stores like BananaRepublic
but Gap and Old Navy are their flagships

low end clothing
M R E

User ID: 71630411
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04/22/2022 01:59 PM

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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
everything is gonna see a slowdown. My grocery store is in a middle/lower income area and weve seen a major drop in shopping
 Quoting: Anonymous Coward 78596816


the shift has started!! i don't think demand destruction will
help us out this time!!
would rather have it & not need it then need it & not have it
M R E

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04/22/2022 02:10 PM

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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
most corporations cashed in big time with all the Stimulus $$ and the enhanced Unemployment benefits, also the 25% increase in Snap benefits which imo is when Food prices really took off, i hope but doubt they put some of that $$ away for a rainy day because we are about to see many rainy days in the near and long-term future!!


tounge
would rather have it & not need it then need it & not have it
BEETLEFOOT

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04/22/2022 02:10 PM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I was a huge fan of Gap (their jeans were the ones that fitted me best for many years) but the quality went south about 10 years ago.

I have been in Old Navy twice-both times walked out empty handed. Unbelievably pricey cheap crap-who shops there anyway?
“When you want to find out who is behind something, just follow the money. Look at the trades made just before 9/11. These are the guys that knew what was coming. The sons of CIA agents, government officials. Close relatives of the most powerful men in America. Cheney, Rumsfeld. They all got rich.”
Anonymous Coward
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04/22/2022 02:12 PM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I dont buy clothes or if i do its second hand they are practically free
Fema Camp Hobo

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04/22/2022 02:15 PM

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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
When money gets tight, unnecessary new clothes, restaurants, movie theatres, premium channels, sporting events, etc are the first things people eliminate from the budget.
 Quoting: LadyJaneSmith


In all reality I do my best to not pump currency into the hands of the enemy anyways. I avoid buying things like the plague. I get so sick of all these corporations using the money to push their agendas down our throats. Maybe if everybody did it we could make a difference but who knows for sure...

hiding
GLP - "The greatest show on earth."
Anonymous Coward
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04/22/2022 02:16 PM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
the shift started in 2008 when they started lowering quality

and people started running!
Anonymous Coward
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04/22/2022 02:16 PM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
I think people arent buying as many clothes, just wearing old ones cuz of high gas and food costs

[link to www.cnbc.com (secure)]

Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business.
The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week.
As Gap searches for Green’s successor, the company’s CEO, Sonia Syngal, will be working closely with the Old Navy team, the retailer said Thursday.
 Quoting: General Mishka


Every $0.10 up tick in gas is $600 million out of the market/economy going to gas not other items.

Economic Terrorism approved under Biden.

Next they are attacking Food Processing Plants.

Looks like the Sleeper Cells in America are actively burning them down.

Domestic Terrorism isn't coming its here now.

Who you think works at these food processing plants?

Sleeper Cells we are being hit in all directions.

We are at war and its going to get worse soon.
Anonymous Coward
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04/22/2022 02:21 PM
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Re: GAP stores sees drop in sales over 'supply chain' disruptions, Stock down 16% premkt
[imgur] [link to imgur.com (secure)] :sstit: :putinverysmall:
[link to imgur.com (secure)]





GLP