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Gap Inc to shutter 75 overseas Old Navy and Banana Republic shops

Published Fri, May 20, 2016 · 09:50 PM

London

GAP Inc said it would shut 75 Old Navy and Banana Republic stores in overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.

Shares of the San Francisco-based company were up 4.2 per cent in after-hours trading on Thursday.

The store closures include all its 53 Old Navy outlets in Japan, the company said i…

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Companies & Markets

Gap Inc to shutter 75 overseas Old Navy and Banana Republic shops

Consumer & Healthcare

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

Japan’s Uniqlo opens Rome store as part of European expansion

Abbott beats quarterly profit estimates on strong medical device sales

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