Aw, Phooey! Tariffs Trigger Tailspin at Gap!

What in the World is a Tariff?

Aw phooey! Your pal Donald here reporting live from… well wherever they sell duck sized suits! I just heard some fowl news! These newfangled "tariffs" are about to clobber Gap like a Goofy pie throwing contest! If they stick around Gap is squawking that it could cost them a whopping 250 to 300 million clams! That's more than I've ever scrounged up in Uncle Scrooge's Money Bin... and believe me I've tried!

Duck and Cover! Stock Prices Dive!

Talk about a tailspin! When the news hit Gap's stock did a nosedive faster than me trying to avoid Daisy's cooking! Shares plummeted more than 15%! Fifteen percent! That's enough to make even Huey Dewey and Louie clutch their piggy banks. They say a rising tide lifts all boats but these tariffs? More like a tidal wave sinking 'em!

Scrambling Like a Duck in a Hurricane!

But hold your horses… or ducks! Gap ain't just gonna sit there like a sitting duck! They're hatching a plan – a sneaky plan I tell ya! They're gonna spread their feathers I mean supply chain all over the world like me chasing after a runaway kite! They're trying to cut back on how much stuff they get from China hoping to wiggle their way out of this mess and trim the damage down to a measly 100 to 150 million. As I always say 'Think first shoot later!' Well they're thinking anyway...

No Price Hikes? Quackers!

The big cheese at Gap a fella named Richard Dickson says not to worry your little tail feathers about price hikes. "Aw gee thanks!" He claims that strong brands can win in any market. Well I sure hope he's right! I can't afford another price jump on my sailor suits!

A Little Bit of Good News Maybe?

It ain't all doom and gloom folks! Turns out Gap actually did better than expected this past quarter! They made more money per share and raked in more revenue than those Wall Street bigwigs thought they would. Guess even a broken clock is right twice a day eh? Old Navy and the regular Gap stores even did pretty good with sales. But I always say "I'm too busy to be unhappy." so let's stay optimistic!

Banana Republic and Athleta? Not So Much...

But uh oh! Banana Republic is still struggling like me trying to understand Uncle Scrooge's accounting! Sales are down. And Athleta? Well let's just say they're not exactly winning any gold medals right now. Gap says turning things around will take time. Time! I need time to relax with Daisy not worry about retail sales! Oh bother!