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GAP INC. TO SEPARATE INTO TWO INDEPENDENT PUBLICLY TRADED COMPANIES
The company also announced on Thursday that it plans to restructure its specialty fleet, including the closure of about 230 Gap stores over the next two years.
Read MorePAM WALLACK RETURNS TO GAP AS RETAILER AIMS TO RIGHT THE SHIP
Wallack will now have accountability for specialty retail stores, design, product development, inventory management, and merchandising for Gap’s specialty business in North America.
Read MoreGAP TO LAUNCH NEW HILL CITY MEN’S PERFORMANCE BRAND
Hill City is slated to launch mid-October available exclusively at hillcity.com, and pieces from the brand will also be displayed at 50 select Athleta locations.
Read MoreGAP SHARES TUMBLE AFTER SALES DECLINE AT NAMESAKE STORES
Same-store sales at the Gap brand fell 5 percent while same-store sales rose 5 percent at Old Navy and rose 2 percent at Banana Republic.
Read MoreGAP TAPS NEIL FISKE AS CEO OF NAMESAKE BRAND
Fiske will begin his new role on June 20, and will serve on the company’s senior leadership team, reporting to Art Peck, president and chief executive officer of Gap Inc.
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