The Gap, Inc. ( NYSE:GPS ), might not be a large cap stock, but it saw a significant share price rise of over 20% in...
RALEIGH, N.C. (Reuters) -Clothing retailers such as Express and Gap that stashed away mountains of unsold basics during the coronavirus pandemic now are slashing prices on clearance merchandise in a last-ditch effort to clear clothing racks. But the deep discounts they're dangling on out-of-season clothing may not appeal to inflation-weary shoppers such as Elieth Chaparro, 30. At the Crabtree Valley Mall in Raleigh, North Carolina, Chaparro, whose goal was to find a discounted winter coat, wasn't thrilled with the Gap clearance section, where she found spring or summer merchandise including jean shorts and patterned crop tops priced under $15.99.