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 SAN FRANCISCO (AP) - Gap Inc. shares fell 3.5 percent Friday after the retailer reported lower earnings and sales for the fourth quarter and offered a discouraging forecast for this year.
CEO Paul Pressler, hired to lead a turnaround, finds himself on the hot seat as he tries to appease investors disillusioned with the dismal earnings and outlook that the company released after the stock market closed Thursday.
Gap shares fell 67 cents, to close at $18.43 Friday on the New York Stock Exchange.
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