Gap in Podcasts
companyAmerican retail corporation with a focus on apparel and accessories.
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Because The Gap is acting less like a fashion label and more like a music label.
For example, in San Francisco, they just reopened the flagship Gap on Chestnut Street, and they now sell vinyl records there, just like the very first Gap store in 1969.
Because on Friday, stock in the Gap jumped by 8%.
The Gap drove Cat's Eye's breakout, but it appears Cat's Eye just drove the Gap's stock breakout.
For our second story, The Gap just had its best growth in seven years.
The flip side to that sixth is those companies that have been operated very poorly now use tariffs as sort of cover. So Gap is down 20% today in an okay quarter. What you see their CEO doing is talking about how tariffs are the biggest problem in the history of the world. And I don't disagree that if you're an importer of clothing from China, tariffs are a problem. There is no question about that.
The gap has been in trouble for it seems like decades. But the CEOs look for coverage. And the way that they get coverage. coverage is by saying it's an external factor that's causing them trouble. And that's what we're seeing today. Gap down 20% today as they point to tariffs as a problem. And the real problem is they've been poorly led without a vibrant product line for a long time.
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