YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Gap to shutter 230 stores over next 2 years

Posted online

Gap Inc. signaled plans to close 230 of its stores over the next two years.

Same-store sales, a key metric for retailers, dropped 1 percent during the latest quarter, compared with a 5 percent increase a year earlier.

The company also announced it would split into two publicly traded companies: Old Navy and a yet-to-be-named business that would hold Gap, Banana Republic, Intermix and athletic leisure brands Athleta and Hill City.

Read more from CNBC.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: The Kebab Shack

The Kebab Shack opened; Hitch Goods launched; and The War Zone Springfield moved.

Most Read
Update cookies preferences