[derum]

Gap will be closing 230 stores over the next 2 years.
Gap said Thursday that it would break into two companies. One of the companies will contain Old Navy, while the other yet-to-be-named business, currently called NewCo, will comprise Gap, Banana Republic and other brands, including Athleta and Hill City.
The move is designed to allow Old Navy — which has grown to $8 billion in annual sales since it opened its first store in 1994 — to expand on its own. Meanwhile, the company can consolidate its older brands like Gap and Banana with its newer ones like Athleta and Hill City. NewCo will have about $9 billion in annual sales

 

[Fraser Tartan]

Gap goes by the name "Uniqlo" today. The Japanese took Gap's old formula and improved upon it while Gap decided to move away from what made them successful in the first place.

 

[SG_67]

I remember when Gap was the hip and happening clothing store where the cool kids went to shop. Sort of sad.

 

[CLTesquire]

Ryan Gosling said it best: “Be better than the Gap!”