INVESTIGATION ALERT: Law firm Schall encourages investors in The Gap, Inc. with losses of $100,000 to contact the firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors of The Gap, Inc. (“Gap” or “the Company”) ( NYSE: GPS) for violating securities laws.

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Gap and its Old Navy brand are the subject of a the wall street journal article published on May 20, 2022, titled “Old Navy Made Clothing Sizes for Everyone. It turned against him. The clothing brand’s push for inclusivity has left it with a dearth of midsizes. “It’s super frustrating.” Log reported that “Old Navy set out to make clothing shopping more inclusive for women of all body types. It ended with too many extra-small and extra-large items and too little of the rest, a mismatch that frustrated customers and contributed to plummeting sales and a reshuffle in management. The article added that “Gap warned that sales for the spring quarter will be lower than expected, in part due to problems at Old Navy”, and that “extended sizes were the culprit, according to current and former employees” . Finally, the Log states that “Old Navy’s stumbles do not bode well for Gap Inc. In 2021, Old Navy accounted for 54% of company sales and about 80% of profits.” Based on this news, Gap shares fell 5% on May 23, 2022.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

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