Gap lifted fiscal 2026 profit guidance to $2.30-$2.40 on expected tariff relief of about $80 million, following an earlier weak forecast and a $1 billion buyback.
In fiscal 2025, 27 per cent of merchandise came from Vietnam and 21 per cent from Indonesia as China +1 sourcing accelerated.
Vietnam faces 12.5 per cent US duty; Bangladesh, Cambodia, Indonesia and Malaysia have eventual TRQ.
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