For years Gap Inc. has been the world’s largest specialty retailer. That title has now gone to Inditex, parent company of Zara International, thanks to first quarter results. But perhaps not for long. Gap’s loss in stature was primarily driven by the weak U.S. economy and the strong Euro. THIS article from portfolio.com is my favorite on the subject and lays out why Gap may once again be back on top.
Fast European fashion is fun for now, but classic American sportswear is here to stay.
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