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Gap Inc. Profits From Sales Boost As Retailer Seeks to Fix Where It's 'Gotten Things Wrong'

Clothier on Track To Close Another 30 Outposts by Year End as Part of Broader Restructuring Plan
Global retailer Gap Inc. is on track to hit 90% of its goal of closing 350 Gap and Old Navy stores before the end of 2023. (Getty Images)
Global retailer Gap Inc. is on track to hit 90% of its goal of closing 350 Gap and Old Navy stores before the end of 2023. (Getty Images)
CoStar News
November 18, 2022 | 12:16 AM

Global retailer Gap Inc. turned around years of losses across its clothing brands, buoyed by strong consumer demand and aggressive moves the company has made to rein in expenses, including making headway on planned store closings.

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