underperforming

Mike Mozart

Gap Closing 200 Banana Republic, Gap Stores; Opening 270 Old Navy, Athleta Locations

It’s out with the old — or underperforming — and in with the new at Gap. In a bid to turn around sales and get people into stores, the mall staple says it will close about 200 Banana Republic and Gap locations, while opening 270 Old Navy and Athleta stores over the next three years. [More]

Macy’s To Close Dozens Of Stores In Early 2016

Macy’s To Close Dozens Of Stores In Early 2016

Just hours after Macy’s announced it would begin selling consumer electronics through Best Buy outlets in some of its stores starting this fall, the company announced it would also shutter dozens of underperforming locations beginning next year. [More]