Retailer Gap Inc. plans to put more of its business online even as it reveals a shift toward store growth for its two best performing brands, Old Navy and Athleta. The decision comes as the company netted a record spike in digital sales and some short-term savings related to planned store closings last quarter.
Gap Plows Ahead With Store Closures as Real Estate Savings, Online Sales Soar
Retailer Accelerates E-Commerce Growth Alongside Plans to Close 350 Unprofitable Locations
By Katie Burke
CoStar News
December 1, 2020 | 2:52 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Companies
- The Gap, Inc.
Retailer