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In August last year, Insider reported the Gap has been making a comeback after years of decline, thanks in part to its brand push to Gen Zs and a revamped marketing effort it calls "modern American optimism."Is gap going out of business?
In October 2011, the company announced it would close 189 stores in the US by 2013. As Gap continued to struggle in the following years, it turned its sights back toward acquisitions and other growth areas. In 2013, Gap acquired the designer clothing company Intermix, adding a hint of luxury to the portfolio.How do analysts rate gap (gap) stock?
Within the last quarter, Gap (NYSE: GPS) has observed the following analyst ratings: These 13 analysts have an average price target of $25.77 versus the current price of Gap at $18.685, implying upside. Below is a summary of how these 13 analysts rated Gap over the past 3 months.What happened to the Gap brand?
The sudden executive shakeup came hand-in-hand with a report of particularly disappointing third-quarter sales, including a 4% year-over-year drop in comparable sales across the entire Gap brand portfolio.