Old Navy Is Still The Only Part Of Gap Inc. That’s Doing Well

As retailers continue to struggle to keep sales up and stores open, Gap Inc. has been able to stay profitable. It’s all thanks to one brand, Old Navy.

Propped up by the low-end brand

According to the company’s earnings statement released late yesterday, sales at comparable stores were up 1% across the whole company, but here’s the problem: All of that growth came from Old Navy. Gap stores’ sales actually fell by 1%, and Banana Republic stores’ sales fell by 5%. Old Navy,...

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