Gap Inc., nodding to changing tastes among its shoppers, said it would close about 200 Banana Republic and Gap stores over the next three years, while opening about 270 Old Navy and Athleta locations.
NYS Entity Status
NYS Filing Date
AUGUST 07, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC NOT-FOR-PROFIT CORPORATION
2014 - CLOSING THE ACHIEVEMENT GAP, INC.
AROUND THE WEB
- Gap to Close 200 Banana Republic, Gap Stores
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By Ashlee Kieler - Wednesday Sep 6, 2017
It’s out with the old — or underperforming — and in with the new at Gap. In a bid to turn around sales and get people into stores, the mall staple says it will close about 200 Banana Republic and Gap locations, while opening 270 Old Navy and Athleta stores over the next three years.The store changes were announced…
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As retailers continue to struggle to keep sales up and stores open, Gap Inc. has been able to stay profitable. It’s all thanks to one brand, Old Navy. Propped up by the low-end brandAccording to the company’s earnings statement released late yesterday, sales at comparable stores were up 1% across the whole company, but here’s the problem: All of …