Gap, Inc. will close 200 ‘under-performing’ stores over the next three years and will shift focus on their growing brand ‘Old Navy’ stores. Gap Inc. will be opening 270 new ‘Old Navy’ stores since that is the company’s more successful brand.
About 200 "underperforming" Gap and Banana Republic locations will be closing — about 10% of worldwide stores https://t.co/uRTotxC2Uv pic.twitter.com/5BI2Z14wQk
— CNN (@CNN) September 7, 2017
“We will leverage our iconic brands and significant scale to deliver growth by shifting to where our customers are shopping — online, value and active,” Gap Chief Executive Art Peck said.
Gap to close 200 Banana Republic, Gap stores https://t.co/tVNKfhrDNO
— FOX Business (@FoxBusiness) September 6, 2017
