The Law Offices of Frank R. Cruz Announces Investigation of The Gap, Inc. (GPS) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of The Gap, Inc. (“Gap” or the “Company”) (NYSE: GPS) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On May 20, 2022, The Wall Street Journal published an article stating that Old Navy’s inclusive, extended sizing had resulted in “too many extra-small and extra-large items and too few of the rest, a mismatch that frustrated customers and contributed to falling sales and a management shake-up.” The article also pointed out that Old Navy accounts for 54% of Gap’s sales and roughly 80% of the profits, and that Gap had warned that spring quarter sales would fall short of expectations because of troubles at Old Navy.

On this news, Gap’s stock fell $0.60, or 5.5%, to close at $10.33 per share on May 23, 2022, thereby injuring investors.

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If you purchased Gap securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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