The rising gas prices act as a tax and ultimately will affect apparel sales say analysts. This is not good news for retailers like Gap, Abercrombie, (though they may be more sheltered than say Walmart who cater to the lower income households), etc.
Thursday, September 01, 2005
Gap August same-store sales fall 9 pct - Reuters.com
"Gap Inc. said on Thursday its sales at stores open at least a year rose fell 9 percent, worse than analysts had expected."
The rising gas prices act as a tax and ultimately will affect apparel sales say analysts. This is not good news for retailers like Gap, Abercrombie, (though they may be more sheltered than say Walmart who cater to the lower income households), etc.
The rising gas prices act as a tax and ultimately will affect apparel sales say analysts. This is not good news for retailers like Gap, Abercrombie, (though they may be more sheltered than say Walmart who cater to the lower income households), etc.
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