Gap Inc says it is shutting 230 of its stores.
The fashion firm also said splitting off its Old Navy brand, which will be a standalone company.
They say it's part of restructuring efforts aimed at "revitalising" the company.
According to latest figures, sales at Gap are continuing to fall while Old Navy's revenues are on the rise.
Apple shows first touchscreen laptops amid product blitz
Apple CEO John Ternus unveiled the company's first touchscreen MacBooks on Wednesday, abandoning a long-held aversion to the technology as it caps a burst of product launches ahead of the holiday shopping season.
UAE, Canada sign CEPA during Abu Dhabi Crown Prince's official visit
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi has witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Canada during his official visit to the country.
DTC signs five-year renewal to increase Dubai's taxi fleet by 7,700
Dubai Taxi Company (DTC) has announced the renewal of their strategic agreement with National Taxi and Hala for a further five years.
DIP Holding begins IPO subscription period with offer price range
DIP Holding, owner of Dubai Investments Park, has announced an offer price range between AED 1.10 and AED 1.15 per share, as it begins subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM) on Tuesday.
UAE capital markets reflect strong performance in first 9 months of 2026
The UAE financial markets have recorded strong performance during the first nine months of 2026, with number of companies licensed by Capital Market Authority rising 43 per cent and the combined market capitalisation of ADX and DFM touching AED 3.7 trillion.
