top shadow
BODY

current news

The Gap Plans 200 Closures


Glenn Murphy, chairman and C.E.O of the Gap Inc.
Glenn Murphy, chairman and C.E.O of the Gap Inc.

(Filed Under Financial and General Interest News). The Gap Inc. plans to close 200 of its The Gap stores worldwide by 2013, C.E.O Glenn Murphy revealed during a presentation at this month’s Bank of America/Merrill Lynch consumer conference.

According to Murphy, by 2013 the company will operate 700 Gap stores. Most of the closures will take place in North America, where he said the company will “walk away from malls that don’t make sense [for us].”

Murphy added that Gap Inc. will continue to develop its more successful outlet and online businesses, as well as its international franchise network.

Other company focuses, he said, including acquiring new customers in the 25 to 35-year-old age group, launching new categories and improving customer diversity among the Asian American, African-American and Latino demographics.

The Gap Inc. currently operates 3,100 company-owned and 175 franchise stores worldwide.


more Financial and General Interest News >>

Published 03-22-2011 by Amanda Torres Price

Related Articles

Gap Wins Trademark Battle
Gap Consolidates International
The Gap Plans 200 Closures


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2022 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2022 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow