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Friday, Oct 11
Retail watch: If on-trend Gap can't get it done, who can?
- Shares of Gap (GPS) slump in early trading after the retailer showed broad dips in same-store sales across its segments.
- Gap's report confirmed a week-long trend in the sector of soft mall traffic and a decidedly cautious stance by U.S. consumers.
- If an on-trend Gap can't ring up the cash register enough, it doesn't bode well for peers such as Aeropostale (AEO) and Abercrombie & Fitch (ANF) that have been more off-trend with their assortment.
- GPS -5.2% premarket.