Gap�s Old Navy and Athleta Led the Company to Flat 3Q Sales
Update: 2025-10-11
Description
No-moat Gap’s Old Navy and Athleta led the company to flat year-over-year sales in the third quarter of 2020, a marked improvement from the large declines of the previous two quarters and better than Morningstar’s forecast of a 7% drop.An 8% increase in operating expenses resulted in an operatin....
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