Gap will seriously consider closing hundreds of “underperforming stores,” CEO Art Peck told analysts in a conference call Tuesday. While some of the company’s brands reported improvement — like Old Navy, Athleta, and Banana Republic — the namesake Gap (NYSE: GPS) brand itself had a 7 percent sales decline in the third quarter from a year ago. There are a handful of Gap stores in Greater Baltimore. “We are clearly not satisfied with the performance of Gap brand,” Peck said. “We know this iconic…
from https://www.bizjournals.com/baltimore/news/2018/11/21/gap-close-stores-art-peck-old-navy-banana-republic.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/180348804372
No comments:
Post a Comment