Art Peck: 'We're opening Gap stores'

Gap Inc. would disappear into two indepedent entities — Old Navy and a to-be-named company now designated as "NewCo" — and that 230 Gap stores, mostly in the U.S., would close, CEO Art Peck told a Shoptalk keynote audience Monday that the once quintessential American apparel brand would also open new locations.He didn't say how many, but he did say they'll be found in unexpected places...
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