Historic winter storms weigh on Gap, Old Navy performance after 800 temporary store closures
Gap Inc. said severe winter storms in January forced about 800 temporary store closures at the peak, disrupting holiday-quarter momentum and contributing to weaker-than-expected results across its brand portfolio. The company reported fiscal fourth-quarter revenue of $4.24 billion and GAAP earnings of $0.45 per share for the three months ended Jan. 31, 2026, narrowly missing … Read more