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Gap Blames Supply Chain Issues For $300M In Sales Losses

The retail giant estimated it had lost $300 million in the third quarter of 2021 due to inventory stockouts.

Gap Blames Supply Chain Issues For $300M In Sales Losses
Reed Saxon / AP
SMS

Retailer Gap blames supply chain issues for $300 million of losses in sales in its third quarter of 2021.

30% of Gap's inventory comes from Vietnamese factories, which had to close for several weeks during the summer due to a COVID outbreak.

Shoppers May Be Less Likely To Spend Big This Holiday Season
Shoppers May Be Less Likely To Spend Big This Holiday Season

Shoppers May Be Less Likely To Spend Big This Holiday Season

Florida shoppers say they're not very comfortable spending amid rising gas prices and pandemic blows.

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Combined with backlogs at U.S. ports, it's clear there were delays getting merchandise on store shelves.