• Supply chain woes could cost Gap 650 million dollars

    9 days ago - By Fashion United

    Image: Gap AW21 campaign
    The product delays affecting Gap are the latest example of supply chain woes facing the fashion industry.
    After adjustments, Gap expects the loss of inventory to be between 550 million to 650 million dollars in lost sales. On top of that the American retail giant is spending 450 million dollars in air freight to expedite shipping and avoid further delays.
    “While we entered the third quarter with growing momentum, acute supply chain headwinds affected our ability to fully meet strong customer demand. Still, we made an intentional investment in building enduring...
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