Gap Trims Old Navy And Banana Republic In Brand Overhaul In Harlem And Other Locales
Gap Inc. reported quarterly earnings on Thursday with bad news for fans of two of its brands. The apparel giant announced it’s closing 75 Old Navy and Banana Republic stores outside North America, including closing all its Old Navy stores in Japan, as part of an organizational right-sizing that CEO Art Peck hopes will reverse its fortunes.…