No ones buying clothes? Gap earned 130 million yuan from reselling masks in the second quarter

category:Lady
 No ones buying clothes? Gap earned 130 million yuan from reselling masks in the second quarter


Recently, gaps second quarter report showed that in the three months ended August 1, the companys revenue fell 18% year-on-year to $3.28 billion, with a net loss of $62 million, compared with a net profit of $168 million in the same period last year.

Thanks to the smart move to put masks into the supply chain early in the epidemic, the mask business has now generated $130 million in sales for gap. In the second quarter, the company also actively developed online channels, driving online sales up 95%.

Source: Netease fashion editor: CHEN Si_ NB12921