
Gap Inc is eyeing a larger share of the global apparel market with plans to franchise Old Navy stores overseas.
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Gap Inc is eyeing a larger share of the global apparel market with plans to franchise Old Navy stores overseas.

Gap Inc has unveiled a new global structure designed to reflect the company’s increasingly international footprint and to drive long-term growth.

US clothing giant Gap Inc has extended its e-commerce reach by launching two online stores in Japan.

Gap Inc enjoyed a July comparable sales increase of 10%, driven by the company’s positive performance in North America.

Gap Inc raised its full-year earnings forecast after seeing “progress” at its Gap, Banana Republic and Old Navy chains in the first quarter.

Former H&M executive Stefan Larsson will lead Old Navy as global brand president, starting in October.

Gap Inc says improving its business in North America is a “top priority” after higher costs, lower sales and promotions contributed to a 40.3% drop in fourth quarter profit.
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