- Gap Inc. reported that same-store sales of its namesake brand decreased by 10% in the first quarter of 2019 as a result of inventory woes and declining foot traffic. - After Gap announced plans earlier this year to spin off its Old Navy brand into a separate company, the off-price brand posted its first decline in three years. - We visited a Gap store to see what's going wrong. Three months after Gap Inc. announced it would split into two publicly traded companies — Old Navy as a standalone entity and a still-unnamed company that would include Gap, Banana Republic, Athleta, Intermix, H...
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