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Oct 23, 2020 - The New York Times

RETAIL Gap Inc. to Close 350 Stores In Long-Term Downsizing Plan Gap Inc., the owner of the Gap, Banana Republic and Old Navy chains, plans to close 30 percent, or about 350, of its Gap and Banana Republic stores in North America by the beginning of 2024, executives said during a presentation to investors on Thursday. That will leave 870 total stores, and about 80 percent of revenue from Gap and Banana Republic is expected to come from e-commerce and off-mall locations like outlet stores and str...