Home Business Citi downgrades a number of attire shares, together with Gap, due to inflation hitting customers

Citi downgrades a number of attire shares, together with Gap, due to inflation hitting customers

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Citi downgrades a number of attire shares, together with Gap, due to inflation hitting customers

Men sporting face masks stroll previous a Gap retailer at a procuring space, because the nation is hit by an outbreak of the brand new coronavirus, in Beijing, China February 7, 2020.

Jason Lee | Reuters

A squeeze on lower-income customers as proven by final week’s earnings stories are a “wake-up call” for retail firms together with Gap, in accordance with Citi.

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