Finally, Gap (NYSE: GPS), the ubiquitous everyday clothing chain that also owns Old Navy and Banana Republic, is offering Labor Day sales at its Factory stores. Items on sale include logo hoodies for 50% off, t-shirts at 68% off, and jeans at 50% off.
Gap is coming off a disappointing quarter, which saw its comparable sales at Gap brand fall 5%, although its two other chains posted growth. The staple brand seems to be losing share to competitors like Target, fast-fashion retailers, and even its downscale brand, Old Navy.
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