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Gap (GPS) Stock Drops, Fire Destroys Major New York Distribution Center

NEW YORK (TheStreet) -- Shares of Gap (GPS) were down in late afternoon trading on Tuesday as the company's 990,000 square-foot distribution facility in Fishkill, NY was ravaged by flames Monday night, displacing at least 100 employees.

All employees were able to evacuate the building safely and no injuries were reported. The fire, which erupted around 11 p.m., required response from more than 20 fire departments in three counties, according to USA...