Although Gap's headline first-quarter sales growth looks very strong, the reality is that it is inflated by both currency gains and a change in the way revenue is accounted for.
Gap Inc. on Thursday reported first quarter earnings and same-store sales that missed Street analysts amid a surprising slowdown at its Old Navy brand. Total sales, however, were better than expected.
Expect the malls of 2023 to include new uses and experiences, as retail real estate responds to five major industry and demographic trends over the next five years.
