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Gap Misses Profit Estimates On Higher Costs From Online Shift

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Gap Inc fell short of Wall Street estimates for quarterly profit on Tuesday as a pivot to online sales fueled a surge in marketing and shipping costs, sending the apparel retailer's shares down about 11% in extended trading.

from Top Business News- News18.com
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Gap Misses Profit Estimates On Higher Costs From Online Shift Gap Misses Profit Estimates On Higher Costs From Online Shift Reviewed by Team Exprssnews on November 24, 2020 Rating: 5

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