( Reuters) – Gap Inc ( GPS.N) on Thursday reported a quarterly loss of nearly $1 billion as the clothing merchant was required to close its stores due to the coronavirus outbreak, sending its shares down about 8?ter market hours.
FILE PICTURE: A closed Gap store is pictured in Times Square following the outbreak of coronavirus illness (COVID-19), in the Manhattan district of New York City, New York City, U.S., March 23,2020 REUTERS/Carlo Allegri/File Picture
Merchants that sell non-essential goods such as clothing have been crushed by the COVID-19 pandemic as they were forced to restrict their services to online operations and curbside pickups.
San Francisco-based Space, which operates almost