Will Coronavirus Kill Gap’s Recovery?
In 2019, Gap (NYSE: GPS) lost its chief executive officer, posted a full-year sales decline, and saw its stock price tumble 31%.
The embattled apparel retailer started this year with high hopes. Sonia Syngal, CEO of Gap's strongest brand -- Old Navy -- took on leadership of the entire company, and investors tuned in to see if Syngal might replicate her previous success. That was before the coronavirus outbreak spread across the world, now totaling nearly 900,000 cases.
Image source: The Gap.
Source Fool.com