What percentage of GAP's inventory comes from Vietnamese factories?
Gap Blames Supply Chain Issues For $300M In Sales Losses
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GAP experienced lost sales in the third quarter due to COVID-related closures of Vietnamese factories, which supply 30% of its inventory. This, combined with backlogs at US ports, led to delays in getting merchandise on store shelves. GAP also manages brands like Old Navy, Banana Republic, and Athleta.
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1.
OPEN ENDED QUESTION
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2.
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What caused the Vietnamese factories to close during the summer?
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3.
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How long did the factories have to close due to the COVID outbreak?
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What issues contributed to delays in getting merchandise on store shelves?
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Which brands does GAP manage?
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