Gap Blames Supply Chain Issues For $300M In Sales Losses

GAP experienced lost sales in the third quarter due to COVID-related closures of Vietnamese factories, which supply 30% of its inventory. This, combined with backlogs at US ports, led to delays in getting merchandise on store shelves. GAP also manages brands like Old Navy, Banana Republic, and Athleta.

What was the impact on GAP's sales during the third quarter?

• Sales were unaffected.

• Sales decreased.

• Sales remained stable.

• Sales increased significantly.

What percentage of GAP's inventory is sourced from Vietnamese factories?

• 50%

• 10%

• 30%

• 70%

Why did Vietnamese factories have to close during the summer?

• Due to a labor strike.

• Because of a COVID outbreak.

• Due to a natural disaster.

• Because of a government mandate.

What additional factor contributed to delays in getting merchandise on store shelves?

• Backlogs at US ports.

• New trade regulations.

• Increased demand.

• Supplier bankruptcy.

Which brands are managed by GAP?

• Nike, Adidas, and Puma

• H&M, Zara, and Uniqlo

• Old Navy, Banana Republic, and Athleta

• Levi's, Wrangler, and Lee