Fashion

Gap beats quarterly estimates on steady demand for formal clothing

• by Sukanya Borah
• November 20, 2022
• 0 Comments

Gap beats quarterly estimates on steady demand for formal clothing Gap Inc beat Wall Street estimates for quarterly sales and profit on Thursday, helped by steady demand from affluent consumers for its formal clothing and dresses despite a surge in inflation, sending its shares up about 10% in extended trading. People are preferring more formal […]