f k a (fka) wrote in ohnotheydidnt,
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ohnotheydidnt

Gap is closing a quarter of its stores




-they are going to close 175 of their 675 stores, mostly in the U.S.
-they are also going to eliminate 250 corporate jobs
-they are trying to restore the brand after being surpassed by H&M and other cheap fashion chains
-they expect that these cuts will save the company $25 million annually
-the Gap-owned Old Navy chain continues to do very well

Source: https://twitter.com/nytimes/status/610745157072363520

When was the last time you purchased something from Gap?
Tags: fashion, news / news anchors
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