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.
Dubai strengthens business ties with the Philippines
Dubai Chambers has wrapped up high-level meetings in Manila with key public and private sector leaders, aimed at strengthening trade and investment ties.
UAE economy continues ascent with robust growth in early 2026
The UAE economy maintained its upward trajectory during the first months of 2026, supported by the strength of the financial and banking sector and rising foreign trade and investment indicators.
Bezos 'Blue Origin' rocket puts satellite into wrong orbit
Blue Origin, the space company founded by Jeff Bezos, confirmed that its New Glenn heavy rocket placed a satellite into the wrong orbit during its third launch.
Dubai South rolls out incentives to sustain economic momentum
Dubai South has announced a new set of incentives for companies operating within its free zone, reinforcing its commitment to supporting the business community and sustaining economic momentum.
US renews sanctions waiver for countries to buy Russian oil
The Trump administration on Friday renewed a waiver allowing countries to buy sanctioned Russian oil and petroleum products at sea for about a month, two days after saying it had no plans to do so.
