There are some retail outlets that you sort of take for granted. You just sort of assume that they’re always going to be there for you when you need a plain cotton crew neck t-shirt, or a pair of skinny jeans in a tall inseam. For many of us who came of age in the 80s and 90s, that place was always The GAP. So you can imagine my shock and horror when I read in Vogue about how poor profit margins have forced GAP to shutter over 175 of their stores. According to Vogue, profit margins for the retailer were down 46.8% after the first quarter (which ended on April 30th). While the company apparently knew it had a little catching up to do and wasn’t expecting to have a particularly profitable first quarter, the dismal profit margins were much more grave than even they could have...
