Photographer: Patrick T. Fallon/Bloomberg

Gap Shares Plunge After Comeback Falters, Inventory Piles Up

Updated on
  • March sales miss analysts' estimates as traffic remains slow
  • CEO Art Peck has promised a turnaround starting this season

Gap Inc. shares fell as much as 12 percent after the struggling apparel chain posted disappointing sales and said that inventory is piling up at stores, sparking concern that its comeback effort has stalled.

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