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

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

Assessment

Interactive Video

Business, Social Studies, Other

9th - 10th Grade

Hard

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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.

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3 mins • 1 pt

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