Gap to Separate Old Navy, Close Stores; Shares Jump

Gap Inc. said Thursday that it would separate its Old Navy brand into a publicly traded company in order to focus on its struggling namesake apparel business, sending its shares up 18 percent.  Old Navy has had a better success than the Gap brand in recent years as a wide range of budget apparel has made it more appealing to a broader base of consumers.  "It's clear that Old Navy's business model and customers have increasingly...

© La Voix de l'Amérique - jeudi 28 février 2019