Here are what Banana Republic’s “product acceptance challenges” look like

In the annals of corporate euphemisms for horrific results, Gap Inc GPS just came out with one of our all-time favorites.

In announcing that its Banana Republic division suffered a 15% comparable sales decline last month, its fourth double-digit dip in a row, a corporate spokesman on a recorded call said Banana’s performance has been pressured by “product acceptance challenges.”

No kidding. Customers have been “accepting” Banana Republic’s...

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