March 12, 2020 / 8:26 PM / 24 days ago

Gap sees hit $100 mln to first-quarter sales due to coronavirus

March 12 (Reuters) - Gap Inc said on Thursday it expected a $100 million hit to first-quarter sales due to the impact of the fast-spreading coronavirus in Asia and Europe.

"Due to the evolving coronavirus situation, we are facing a period of uncertainty regarding the potential impact on both our supply chain and customer demand," incoming Chief Executive Officer Sonia Syngal said in a statement.

Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila and Arun Koyyur

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