The Gap

NEW YORK (AP) — Gap Inc. is splitting into two. The retailer said Thursday that it’s creating two independent publicly traded companies — low-priced Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. The San Francisco-based company said the spin-off will enable […]

NEW YORK (AP) — Ralph Lauren is handing off his title as CEO of the fashion and home decor empire that he founded nearly 50 years ago. The New York-based company announced Tuesday that Stefan Larsson, the global president of Gap’s thriving low-price Old Navy chain, will take on the role. The change will be […]

NEW YORK (AP) — Gap plans to close 175 of its namesake stores in North America, or 18 percent of its current total, and cut 250 jobs at its headquarters as the company tries to strengthen the struggling brand. Gap Inc., which owns Gap, Old Navy and Banana Republic, said Monday it will close about […]

NEW YORK (AP) — When in New York rubbing elbows with wealthy private equity types, might as well also go shopping. At the Gap. President Barack Obama, in Manhattan for some high dollar Democratic Party fundraising, made a quick, unannounced Midtown retail stop Tuesday to buy some sweaters for his daughters, athletic wear for his […]