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Gap Same-Store Sales Decline in Q2

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Gap Inc. can’t catch a break.

The San Francisco-based operator of Gap, Old Navy and Banana Republic said Monday that net sales fell to $1.10 billion in the month ended July 30, compared to $1.12 billion last year. A disappointing monthly performance that contributed to net sales in the second quarter declining from $3.9 billion to $3.85 billion.

The retailer’s stock (GPS) was down as much as 6.32% in Tuesday morning trading. It’s down 2.96% year-to-date.

Read more at Sourcing Journal.