Citi downgrades several apparel stocks, including Gap, as inflation hits consumers

Men wearing face masks walk past a Gap store at a shopping area, as the country is suffering from an outbreak of a new type of coronavirus, in Beijing, China on February 7, 2020.

Jason Lee | Reuters

The squeeze on lower-income consumers shown in last week’s earnings report is a “wake-up call” for retail companies including Gapaccording to Citi.

Source link


News5s: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button