{"id":82421,"date":"2022-08-26T01:58:52","date_gmt":"2022-08-26T05:58:52","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82421"},"modified":"2022-08-26T01:59:50","modified_gmt":"2022-08-26T05:59:50","slug":"gap-withdraws-2022-financial-outlook-as-old-navy-sales-fall-in-second-quarter","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2022\/gap-withdraws-2022-financial-outlook-as-old-navy-sales-fall-in-second-quarter.html","title":{"rendered":"Gap withdraws 2022 financial outlook as Old Navy sales fall in second quarter"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/GPS\" target=\"_blank\">Gap Inc.<\/a> on Thursday withdrew its financial outlook for the year after it swung to a net loss in the fiscal second quarter and its Old Navy chain continued to struggle with the wrong mix of sizes and styles. The San Francisco-based company, which is <a href=\"https:\/\/www.cnbc.com\/2022\/08\/24\/3-things-gap-needs-to-fix-to-turn-its-struggling-business-around.html\">in the midst of finding a new CEO<\/a>, cited its recent execution challenges and uncertain macroeconomic trends for withdrawing its guidance for 2022.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/08\/25\/gap-gps-reports-fiscal-q2-2022-results.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Gap Inc. on Thursday withdrew its financial outlook for the year after it swung to a net loss in the fiscal second quarter and its Old Navy chain continued to struggle with the wrong mix of sizes and styles. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82421","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82421"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82421\/revisions"}],"predecessor-version":[{"id":82422,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82421\/revisions\/82422"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}