October 14, 2011 by staff
Gap Closing, As a blogger of a certain age, the idea that shopping center store staples of the gap, or simply “Gap” – points to its operations in the United States to such a degree is amazing and makes you feel a little out of contact with the youth of today.
Before objective was widespread, cutting into the profits of Gap casual, khaki pants and jeans slinging store was an institution for 90 years. At my school, the pants were often used by preppy types roll down deliberately to show the logo of Gap, while the gap bags were stored in bags of things around them prominently. Internet shopping in general, it is likely that another reason for the flagship store is the decision to reduce operations, but the U.S. expand in China, and the Wall Street Journal describes how the recession crudely always present, “has exhibited an oversaturated market, with more shops fill buyers.”
Analyst Edward Yruma (clearly economic, with vowels) said, the WSJ on global climate at retail in the U.S.:
“Retailers overstored before we headed into recession. Given the way that consumers are spending, coupled with the fact most are in line, we just have fewer stores.”
While the comment does not directly address questions gap faces, the mega-retailer (father of Old Navy and Banana informal a little more luxury Republic) has had some difficult quarters. The first two losses in 2011 revealed 21% of Gap, and CEO Glenn Murphy said that while reducing the number of store is not a “condemnation of our country,” the company is “making a prediction that is of slow growth here “and isn” t “happy” with the first two quarters of sales in U.S. markets.
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