These Brands Are Closing Down And We Are Not Ready For It

Gap

In the next two years, Gap Inc. will close about 230 of its stores around the world-about half of the overall number of its outlets. The company wants to renovate the Old Navy, the sister company of Gap, as a separate corporation. That is because both the Banana Republic and Distance have been consistently outstripped by the Old Navy in revenue. Stores that are now operating, such as Intermix, Athlete, Hill City, Banana Republic, and Gap stores, will continue to run under NewCo, their new brand.

Gap