Why the Worst Is Yet to Come for Gap
I remember wondering why all my favorite stores from my teen years, such as Gap (NYSE: GPS), are still around when I'm shopping for my kids, but my mother's old faves were gone by the time I hit the shopping scene.
Well, the time of obsolescence may have finally arrived. As we enter a new decade, Gap may no longer be relevant.
Gap shares lost 28% of their value in 2019, even after briefly spiking to over $31 early in the year. The consumer discretionary stock plummeted over the summer and has been swinging between bad and worse since, but it's been on the rise over the past month.
Source Fool.com
