Posts From King World News

Gap to close 175 stores, cut jobs at headquarters

Apparel retailer Gap Inc (GPS.N) said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand. The company did not say how many employees would be laid off as a result of the store closures. As of Jan. 31, Gap had