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Gap to shut one in four N American stores

Of the 175 that will be closed, 140 will be in the current fiscal year ending January

Gap has stumbled in recent years, hurt by management blunders, a revolving door of executives and, by its own executives' admission, uninspiring fashion.

New York

GAP announced on Monday that it planned to close one-fourth of its stores in North America over the next few years, potentially affecting thousands of jobs, as the brand struggles to turn around a business mired in a long sales slump.

The retailer said in a statement that...

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