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How Gap is trying to make a comeback
GapGap(US:GPS) CNBCยท2025-07-06 15:00

Is Gap cool again. Over the past decade, it's seen declining sales and a shrinking number of stores, but now the company's in turnaround mode. The company said it had to do some heavy lifting to clean up its financial position before it could get back to growth.We had unprofitable stores, unprofitable markets. We where we did store closures. We rationalized styles, improved quality dramatically.So all of those things uh including some things like removing uh reducing costs uh which are key to making a busin ...