Gap Has More Hang-Ups Than Peers

Credit Suisse

WITH THE STOCKS IN OUR [specialty softlines retail] universe down 62% on average since Aug. 1, one of the things that caught our eye is that Gap (ticker: GPS) has been the best performer (down only 37%).

Additionally, the market cap of Gap (about $7.2 billion) is about $2 billion larger than a basket of 10 other retailers in our universe (American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), AnnTaylor Stores (ANN), Chico's FAS (CHS), J. Crew Group (JCG), lululemon athletica (LULU), Pacific Sunwear of California (PSUN), Talbots (TLB), Tween Brands (TWB), ...