Stocks of US mall brands plunge amid rising costs, supply woes

stocks of us mall brands plunge amid rising costs supply woes

Sumary of Stocks of US mall brands plunge amid rising costs, supply woes:

  • Gap chief executive Sonia Syngal cited “acute supply chain headwinds” that left the chain unable to capitalise on elevated customer demand, forcing the quintessential mall brand to slash its sales and profit outlook.
  • Nordstrom’s 29 per cent intraday drop was the biggest ever in Bloomberg data stretching back more than 38 years.

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