USA: Gap Already Discounting New Spring Collections
Clothing giant Gap Inc has already begun discounting spring clothing at its Gap and Old Navy stores with some analysts saying today they see this as indication early sales are not matching expectations. Gap sent coupons offering 20 per cent off its spring clothing ranges to online shoppers this week – just days after its spring clothes were introduced into its stores, while on its Old Navy web site there are coupons offering discounts of up to 15 per cent.