I think that they are closing some of the stores. Like the Gap where I live closed, but I also noticed that Gap, Old Navy and Banana Republic are all one store online, so I think that they are combining/reducing stores, if that make sense.
There is talk of spinning Old Navy off as its own separate entity. Contrarily, there is also talk of closing stores. There are over 3,000 ON stores, and more than 1000 are outlet stores. Overall, Gap corporate is looking at too much glut of the market, between multiple locations of each brand (ON, G, and Banana Republic).
Gap has struggled for a while now, but I doubt that they are closing. Gap, Old Navy and Banana Republic are all the same company so my guess would be supply and demand, harder to find stores mean more people want it
Oh, I hope that they don't close the one in Sherman, tx! I already have to drive over an hour to get there! Guess I could just do more online shopping!
Re: Is it true that Old Navy and the Gap are going out of business??
Dx: PCOS, Anovulation, RPL
Born via emergency c/s February 9, 2008 - 9lbs, 3 oz!!!!
TTC# 2 since February 2010 - BFP #1 Sept 2010-(5mg Femara, 1500mg Met, Ovridel) Missed M/C at 10w2d, discovered at 13w2d, D&C at 14w
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Trying again. June 2011 - Clomid/1500 mg Met / Baby Aspirin - BFFN!
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