US: Gap Q2 profit slumps 19% on discounts, costs
Deep discounting, higher production costs and flat or falling same-store sales across all divisions drove second-quarter profit down by 19% at Gap Inc, the US' largest specialty clothing retailer.
Deep discounting, higher production costs and flat or falling same-store sales across all divisions drove second-quarter profit down by 19% at Gap Inc, the US' largest specialty clothing retailer.