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Gap CEO says tariffs, cautious consumers are manageable for business despite profit warning

Dickson has been a constant in Gap, Banana Republic, and Old Navy stores. He has diagnosed habitual issues (clunky website, less-than-cool products, supply chain inefficiencies) that had long plagued the company's performance and stock price.
In an interview with CNBC, Gap Inc. CEO Art Peck expressed cautious optimism about the company's performance amidst the ongoing U.S.-China trade war, stating that the tariffs imposed on goods imported from China have not significantly impacted Gap's business so far. Peck mentioned that the company has been working on diversifying its supply chain to mitigate potential risks associated with the trade tensions. He also noted that Gap is closely monitoring the situation and is prepared to take further action if necessary. Despite the uncertainties, Peck remains confident in Gap's ability to navigate the challenges and continue delivering value to its customers.

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