The Gap, Inc. fell 1.49% in premarket trading. The decline may be attributed to investor concerns about the ability of U.S. assets to outperform overseas markets, as well as the sliding dollar and ballooning fiscal deficit. Additionally, India's garment exporters, who make a significant portion of their sales in the U.S., are bracing for a drop in orders due to a 25% tariff on Indian imports, which could impact The Gap, Inc.'s supply chain and costs.
Comments
No comments yet