Gap Inc on Thursday scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped full-year earnings, sending its shares up about 4%.
from Reuters: Money News https://ift.tt/2RscGk3
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Gap pulls plug on Old Navy spinoff to focus on turning around sales
Gap pulls plug on Old Navy spinoff to focus on turning around sales
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