Gap shares fall after Kanye West threatens to walk away from Yeezy deal

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Kanye West's threat to walk away from his fashion company's fledgling partnership with the Gap has sent shares sharply lower

Gap's stock fell nearly 6% Monday following West's comments he made at a public event Sunday. Videos taken at the event show the rapper criticizing Gap and Adidas, another apparel company his Yeezy brand partnered with. West noted he was not on either company's board."That has to change today or I walk away," he said.Gap and Adidas didn't immediately respond to CNN Business' request for comment.

The stock has lost half of those gains since then. The Yeezy deal could give Gap a much-needed financial and creative boost. Gap has been struggling: Sales plunged 43% in the quarter that ended May 2, but online sales for May were double what they were a year ago. Gap also didn't pay rent in April because of the temporary closures. It said cash-saving measures taken during the quarter left it with $1 billion in cash on hand as of May 2, a bit more than it had a year ago.

 

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Gap has a contract with this lunatic? I will never buy another gap product ever!

Phuck ye and ya

Another fanatic....

I've spent tens of thousands of dollars w/ GAP brand OldNavy over 20+ years - until I learned they had partnered with a Trump ally & anti vaxxer who called slavery a choice and now is taking on Harriet Tubman of all people. Not one cent from me until he's gone.

boycottyeezy give back that PPP LOAN $$$

The Gap will be A Ok with ya’ll. They’ve got their own FONT and Designers X 2 . Freaks Of Nature shouldn’t be in the GAP anyways lol. I couldn’t help but notice his fonts posts on twitter lol. Epic Fail x Encryption Fail..Geekon Musks should change his name instead of IP haha 😆

The clothes were terrible anyway.

A tour singing Christian spirituals will boost the shares.

Why would anyone partner with this train wreck on anything?

The guy is his own walking caricature...someone needs to tell him that and his “fans”

publicity stunt, failing if it is

Gotta give credit to Kanye - this guy can certainly cause waves with anything he does or says - truly a man after my own heart -- refuses to be pigeonholed by the Left and courts the Right when he feels like it - Kanye, a true Gemini is the ' drummer he marches to' in life

DJTimpeached Stay in your own lane, Kanye

Fall into the Gap, must have been desperate to get in bed with this lunatic

Gap and Adidas would be wise to avoid capitulating to blackmail and put as much distance between this charlatan as possible. Nike, cut all ties, if any, as he is counter to every shred of decency you have espoused. SEC should investigate stock transactions. Avoid a boycott.

Unpredictable and in need of psychiatric evaluation.

The Crap

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