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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.

Gap Blames Supply Chain Issues For $300M In Sales Losses
Reed Saxon / AP
SMS

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.

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Combined with backlogs at U.S. ports, it's clear there were delays getting merchandise on store shelves.