Analysts are comfortable that for now, Gap has the liquidity to cover its debt. But the coming months will be most important. If the chain still has not regained its fashion touch by Christmas, it could face a nightmare. Another disastrous season would make it taxingly expensive to raise cash just as US$500 million in debt matures in 2003.
Sun, Feb 24, 2002 - Page 10 News List
Gap scrambles to regain customers
RETAILER The US-based chain has suffered a sales decline for nearly two years and now investors are placing the garment giant's CEO under a microscope
NY TIMES NEWS SERVICE , NEW YORK
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