Headlines

Gap Closing Old Navy in Japan

Plans to close all 53 locations

Published

8 years ago

May 22, 2016

Gap Inc. (San Francisco) has announced it will improve its business model by reducing the number of stores it operates globally. The move will primarily focus on closing select stores outside the U.S.

Retailing Today reports the company will close all 53 Old Navy stores in Japan. Plans to close some Banana Republic stores, mostly outside of North America, have also been announced. The move is a response to Gap’s announcement Thursday that first quarter results marked the fifth consecutive quarter of reduced revenue and profit.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design