GAP Stock Declined 15% in Three Months: Will It Surprise Investors?
ANFA&F(ANF) ZACKS·2024-09-25 02:11

The Gap, Inc. (GAP) is encountering significant challenges due to the volatile macroeconomic environment. In the past three months, the company's stock has dropped by 15.2%, underperforming the industry’s decline of 4.3%, and the Zacks Retail-Wholesale sector’s 8.3% growth.This decline in stock performance is due to soft consumer demand, inflationary pressures affecting discretionary spending and rising operational costs. These factors led to a downward trend in the GAP stock. This negative sentiment is fur ...