Gap to separate Old Navy brand, close stores; shares soar 25 percent - Business Insights

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Friday, March 1, 2019

Gap to separate Old Navy brand, close stores; shares soar 25 percent

Gap Inc will separate its better-performing Old Navy brand and shutter about 230 stores of its struggling namesake apparel business, in one of its biggest restructuring efforts to energize sales, sending shares surging 25 percent on Thursday.
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