NEW YORK (AP) — Gap Inc. said Thursday that it is shuttering 75 Old Navy and Banana Republic stores outside North America as the struggling company looks to focus on regions where it sees it has the greatest potential for success. 434 more words
Gap Inc.’s traffic problems keep getting worse.
As the retailer on Thursday revealed that net income declined 46.8 percent in the first quarter ended April 30, chief financial officer Sabrina Simmons admitted the company didn’t expect things to be quite as bad as they were. 491 more words