08.04.2016 - Weak sales of Gap will lead to a further reduction in the company's shares

American clothing retailer Gap announced a reduction in sales and growth in inventories over the past year. So, for the last 5 weeks ended April 2 the company's sales fell to 1.43 billion dollars against 1.53 billion dollars in the same period last year. The greatest decrease was recorded in the brand Banana Republic - 14% and Old Navy - by 6%. Given the deterioration in sales and increase of inventory, we expect a further drop in prices by 20-25% in the medium term.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.