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Friday, Nov 9
2012, 12:45 PM
Gap (GPS -0.2%) looks well-positioned to take advantage of a consumer trend to turn away from...
Gap (GPS -0.2%) looks well-positioned to take advantage of a consumer trend to turn away from fast-fashion lines in order to seek out higher quality clothing. After retailers such as Forever 21 and Hennes & Mauritz (HMRZF.PK, HNNMY.PK) made a killing turning fashion trends into products lickety-split, a consumer backlash is developing as fast-fashion garments literally fall apart at the seams. So far this fiscal year, Gap sales have been grown a steady 6.4%, but more upside could be around the corner.