Gap Inc. (NYS:GPS) and Canada Goose Holdings Inc. (NYS:GOOS) have both committed to leveraging their partners in order to make scrubs and masks for hospital workers, and gowns for patients. In a tweet, Gap said it was bringing together large hospital networks in California with factories to produce gear for medical professionals on the front line of the coronavirus. And Canada Goose is using its manufacturing facilities in Toronto and Winnipeg, to start, to produce medical gear and patient gowns. Production at the Canada Goose facility will begin next week with 50 workers in each facility. The goal is to create 10,000 units initially. Gap stock is up 15% in Wednesday trading, but down more than 62% over the last year. Canada Goose shares are up 7.5% on Wednesday and down 56.5% for the past 12 months. The S&P 500 index (S&P:SPX) has slumped 8.6% over the last year.
March 25, 2020, 3:47 p.m. EDT