Barclays downgrades Gap on concern that promotional activity signals demand is slipping

Published Thu, Feb 3 20227:58 AM ESTUpdated Thu, Feb 3 20229:20 AM EST

A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California.

Justin Sullivan | Getty Images

The shift back to a more traditional retail environment in 2022 could be bad news for Gap, according to Barclays.

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