News Formal

Gap Inc says it will split in 2 companies, close 230 stores

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

[NEW YORK] Gap Inc on Thursday announced plans to split into two companies and shutter 230 stores in a makeover that showcases its hot 'Old Navy' chain and deemphasises its slumping namesake brand. Read more at The Business Times.

Gap Inc on Thursday announced plans to split into two companies and shutter 230 stores in a makeover that showcases its hot "Old Navy" chain and deemphasises its slumping namesake brand.[NEW YORK] Gap Inc on Thursday announced plans to split into two companies and shutter 230 stores in a makeover that showcases its hot"Old Navy" chain and deemphasises its slumping namesake brand.

"Following a comprehensive review by the Gap Inc Board of Directors, it's clear that Old Navy's business model and customers have increasingly diverged from our specialty brands over time, and each company now requires a different strategy to thrive moving forward," Gap board chairman Robert Fisher said in a statement.Market voices on:

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 15. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Walmart seeks ad business boost in fight with AmazonWalmart Inc will allow consumer companies like Procter & Gamble, Unilever and Mondelez International Inc to advertise to shoppers in its stores ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »