American clothing chain GAP, which is a competitor to Swedish H&M primarily on the North American market, is raising its sales forecast for the current fiscal year. From previously lying at 1 percent, the assessment is now that sales for the full year will increase by between 1.5-2 percent, according to the company.
According to the company's CEO, they see above all a greater demand from middle- and high-income earners.
The stock went strongly on the New York Stock Exchange on Friday and closed at plus 12.8 percent.
