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.