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1MG
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DODLA DAIRY LIMITED
Area Sales Manager -Salem
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HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Fans & Lighting / Retail Sales
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BASIC ENTERPRISES PVT LTD
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ZEE LABORATORIES LIMITED
Area Sales Manager / Regional Sales Manager
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CROSS COUNTRY INFOTECH
Production Manager
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PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
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RELIABLE CLOTHING PVT. LTD
Production Manager - Garment Manufacturing Export House
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HUMAN TOUCH
Sales Manager - Mumbai
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KAZO FASHION PRIVATE LIMITED
Garment Technician
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UMANO HEALTHCARE PRIVATE LIMITED
Regional Sales Manager / Area Sales Manager- (Pharma Sales) mp
Permanent · Bhopal
OLIVE GREEN CONSULTING LLP
Urgently Looking For Production Manager - Gurgaon
Permanent · Gurugram
MONEYWISE FINANCIAL SERVICES
Area Sales Manager || Nbfc (Lap / bl) - Delhi
Permanent · National Capital Region
MAGICBRICKS
Area Sales Manager
Permanent · Thane
KENT RO SYSTEMS
Corporate Sales Manager
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RELAXO
Area Sales Manager
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OUTHOUSE JEWELLERY
E-Commerce Manager
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TOUCH MOBILES
Wanted Area Sales Manager - Touch Mobiles
Permanent · Khammam
GOKALDAS EXPORTS
Manager - Fabric Warehouse - Garments Background - Bhopal, mp
Permanent · Bhopal
By
Reuters
Published
Mar 27, 2020
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Gap scraps 2020 forecast, draws down $500 million credit on coronavirus crunch

By
Reuters
Published
Mar 27, 2020

Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire $500 million credit facility as the apparel retailer looks to weather the coronavirus crisis.


Old Navy


The disruptions caused by the health crisis mark the latest headache for newly named Chief Executive Officer Sonia Syngal as she tries to revive demand for its apparel in a competitive market plagued by slowing footfall in malls.

Several retailers have warned of a sales hit due to store closures and restrictions imposed to slow the spread of the virus in China and now in the United States and other parts of the world.

Gap last week temporarily shut of all of its North American stores.

The company previously expected 2020 adjusted earnings in the range of $1.80 to $1.92 per share after accounting for a $100 million sales hit in Asia and Europe.

The retailer said it would provide an update during its first-quarter conference call in May.

Syngal said in a statement that the company was taking the steps to further strengthen its financial liquidity and flexibility “in this time of unprecedented disruption to the retail sector.”

The company will also reduce capital expenditure by nearly $300 million during the year, as well as review all operating expenses to curb spending.

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