CNBC's Lauren Thomas joins 'The Exchange' to discuss malls pivoting to virtual reality experiences to attract customers.
Mark Kauzlarich | Bloomberg | Getty Images
's second-quarter sales fell short of analysts' expectations in what the apparel retailer's CEO called a "challenging environment," the company said on Thursday.Here's how Gap did for the quarter ended Aug. 3, compared with what analysts were expecting, based on Refinitiv data:Revenue: $4.01 billion vs. $4.
The company has, meanwhile, been shutting some of its namesake Gap stores, turning investments toward its stronger banners Old Navy and Athleta. Athleta, an athletic apparel brand for women akin to
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