Gap shares plummet as retailer says tariffs will cost hundreds of millions

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Gap shares plummet as retailer says tariffs will cost hundreds of millions

cnbc.com/2025/05/29/gap-earnings-q1-2025.html

Gap is expecting new tariffs would impact its business by hundreds of millions of dollars, if they remain in effect, the company said Thursday when announcing fiscal first-quarter earnings.
Shares fell more than 15% in after-hours trading.
In a news release, Gap said new 30% duties on…

This story appeared on cnbc.com, 2025-05-29 20:20:40.