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Gap Inc. Facing $650 Million Sales Shortfall

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The current state of the supply chain has cost Gap Inc. in a serious way in the third quarter. The specialty apparel retailer saw a slight decline in third-quarter net sales, down 1 percent to $3.94 billion, missing Refinitiv estimates of $4.44 billion. But the parent of the Gap, Old Navy, Athleta and Banana Republic…

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