Clothing & Shoes

Gap cuts 2021 guidance as supply chain woes dent sales

It comes as it reported that third quarter comparable sales increased 5%, while net sales of $3.9bn (£2.9bn) were down 1% compared to 2019 pre-COVID levels

Gap has lowered its full-year guidance after it revealed supply chain disruption has dented its Q3 sales and led to higher expenses.

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