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Gap to close 175 Gap stores in North America and cut 250 corporate jobs to boost brand

2015-06-15 22:42:24| Apparel - Topix.net

Gap plans to close 175 of its namesake stores and 250 jobs at its headquarters as the company tries to strengthen the struggling brand. Gap Inc., which owns Gap, Old Navy and Banana Republic, said Monday it will close about 140 Gap stores in North America in the fiscal year that ends Jan. 31 - and the remainder afterward - based on factors that include location and performance.

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