Gap’s decision to pivot and make face masks put $130 million in its registers
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020.
Jason Lee | Reuters
The company said Thursday when it reported quarterly earnings that it brought in $130 million in sales during the period from its face masks. That includes sales to individuals and in bulk to businesses. The city of New York, the state of California and Kaiser Permanente are some of its clients, the company said.
During the quarter ended Aug. 1, Gap’s total sales fell about 18% to $3.28 billion from $4 billion a year ago. Its online …continued .
[Source: CNBC News]