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Fashion victim.
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This article reports on the financial state of the fashion chain Gap. Gap, a fashion retailer that was once one of corporate America's shining success stories, has fallen behind its rivals in 2007. The company's production cycles are too slow to keep pace with rivals, prices have risen, and the brand has lost its shine. In 29 of the past 31 months, Gap reported flat or declining same-store sales. Gap has hired Goldman Sachs, an investment bank, to evaluate its options.
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