Gap Blames Supply Chain Issues For $300M In Sales Losses

The retail giant estimated it had lost $300 million in the third quarter of 2021 due to inventory stockouts.

Retailer Gap blames supply chain issues for $300 million of losses in sales in its third quarter of 2021.

30% of Gap's inventory comes from Vietnamese factories, which had to close for several weeks during the summer due to a COVID outbreak.

Related StoryShoppers May Be Less Likely To Spend Big This Holiday Season