Hurt by COVID-related store closures, shares of GAP fall

Sales for apparel retailer GAP came up short of estimates in the fourth quarter of 2021 due to the company being hurt after store closures because of COVID-19. Profit during the fourth quarter was achieved by GAP as the company aimed at selling more merchandise at full price. This helped the company shutter the underperforming stores. A return to sales growth has been anticipated by GAP for 2021.

Hurt by COVID-related store closures, shares of GAP fall

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