The global apparel company streamlined its retail footprint in 2017, reducing its holdings to just over 3,500 retail locations under Gap’s various brands. The move proved to be shrewd, with net income up $172 million over 2016.
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News about Gap
CEO Jeff Jones promises "No surprises. No hidden fees--ever."
The fashion retailer is choking. Selling its popular denim brand is one option for relief.
Sonia Syngal has been president and CEO of Old Navy since 2016.
The company is also closing 230 of its namesake Gap stores.
Retailer left Northern Ireland off the map.