Investor optimism about the post-coronavirus recovery is rising.
News & Analysis: Gap
New data has made investors a little less pessimistic about their prospects.
The retailer will accept its summer online orders but told suppliers to keep them for the fall season.
Lackluster earnings and temporary store shutdowns weighed on the shares.
Gap and Kohl's are two of the harder-hit retailers today.
The apparel retailer was supposed to be on the mend after a difficult 2019 -- instead, like its peers, it faces an unprecedented new headwind.
With stores closed, it's a question of survival.
About 80,000 workers just lost their pay.
But the company's longer-term prospects look good.
Apparel retailers continued to get hammered by the COVID-19 pandemic.