Like many retailers, Gap is dealing with sky-high inventory, but it may also have more severe issues.
Compare GPS Stock to Peers
|Symbol||Last Price||Market Cap||% Δ 1 Yr||% Δ 5 Yr|
News & Analysis: Gap
The apparel retailer's turnaround CEO just turned around and left.
Shares of the iconic retailer have lost nearly three quarters of their value since last July, but it could make a comeback over the next few years.
There was one bright spot in the sector, though.
Gap lowered its sales outlook, and its Old Navy brand is looking for a new leader.
The apparel retailer is the subject of the rumor mill this morning.
Investors were happy with the company's latest quarterly results.
Markets finished lower amid ongoing concerns about inflation and war.
Hint: It has to do with the same issue that's plagued the entire retail market this year.
The struggling apparel company shed nearly a quarter of its value.