Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

Gap maintains forecast

Gap is keeping its fiscal year profit forecast unchanged after further struggles in the second quarter. The San Francisco company also said on Thursday its plan to close 175 Gap stores in North America, as well as some locations in Europe, will cost a bit less than it expected. During the quarter, the company said it would close some Gap locations as it tries to strengthen the brand, with most of the closures coming by the end of January. It closed 26 of those stores over the three months that e