Former Gap CEO: Inflation is still a 'nightmare'

Mickey Drexler News

Former Gap CEO: Inflation is still a 'nightmare'
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Major retailers' earnings results reveal consumers are on the hunt for savings as discretionary income is pinched by prolonged inflation. Still, names like...

Drexler characterizes retail as"selectively good," not"all or nothing." He highlights that inflation is"still a nightmare" and claims the government does not have agents going to supermarkets and fashion stores to shop. The pricing situation in the designer apparel sector is particularly"stunning" and doesn't seem to be letting up, he says.

Uh, and I don't hear a lot of or see a lot of that designers, In my opinion, it used to be when I was a young guy. And it's mostly accessories from what I know, And accessories are kind of like carrying around a little logo or maybe a bigger logo. I would love to get your take on Gap as well, because they report Mickey, they knock it out of the park.All right, uh, but three months if you've been in the stock, Right.Um, I did include a gap in my percentage of summer item sale, but I'm not gonna repeat that because Richard's a friend and I think that moving forward, But three months or a year after 20 years of see for me, I have a high standard for everything I do, uh, and for everything everyone else does.

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