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Gap Ready To Open New Stores For 'Growth Brands,' Discard Others

Global Retailer To Focus on Adding Old Navy, Athleta Stores

Global retailer Gap Inc. plans to shut down as many as 60 Gap and Banana Republic locations as part of a yearslong restructuring plan that will result in 350 permanent closures. (Getty Images)
Global retailer Gap Inc. plans to shut down as many as 60 Gap and Banana Republic locations as part of a yearslong restructuring plan that will result in 350 permanent closures. (Getty Images)

Gap Inc. may have spent the past couple of years navigating a tangle of store closures, supply chain headaches and global economic upheavals, but the retailer is betting on customers' return to normalized shopping habits as it plans shifts to its brick-and-mortar focus for the year ahead.

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