Article By:
Zacks Investment Research
Thursday, May 26, 2022 11:31 PM EDT
Gap came out with a quarterly loss of $0.44 per share.
In this article: GPS
Victoria's Secret Called 'Broken' By Analyst As L Brands Cuts Guidance
I disagree. Yes, #VictoriaSecret ($LB) is facing increased competition from American Eagle Outfitters ($AEO)' Aerie, #Gap's ($GPS) Love brand, and #Amazon's ($AMZN) Arabella brand. But VS's sales performed better in the first quarter of 2018 than in the same period last year. And they've been making a big push to increase it's online sales. And it's starting to work with an increase of 1% so far.