Thursday, May 19, 2011

Gap Cuts Full-Year Forecast by 22 Percent as Costs Soar

Gap Cuts Full-Year Forecast by 22 Percent as Costs Soar - May 19, 2011 - BusinessWeek: Gap Inc., the largest U.S. apparel chain, cut its full-year profit forecast by 22 percent as costs to make clothes rose faster than expected. The shares tumbled.

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