Gap stock jumps on news company will shutter 200 stores

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Gap Inc. (NYSE: GAP) said Sept. 6 that it will close 200 underperforming stores, which is around 10 percent of its store total, news that sent the company’s share price up more than 7 percent in late trading. A spokesperson for the San Francisco-based retailer declined to comment on where the store closures — which will affect Gap and Banana Republic — will take place. In the Houston area, the company has about 14 Gap stores, 13 Banana Republic stores, 21 Old Navy stores, two Athleta and one…


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Houston News & Search

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