US mall brands plunge as Gap, Nordstrom add to worries

November 25, 2021 3:01 PM

NEW YORK (BLOOMBERG) – Retail stocks tumbled after disappointing reports from Gap and Nordstrom capped a difficult earnings season for consumer-facing brands, renewing worries over rising costs and a strained supply chain ahead of the holiday shopping season.

Source : http://www.straitstimes.com/business/economy/us-mall-brands-plunge-as-gap-nordstrom-add-to-worries