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Stock impact report

Old Navy store in downtown San Francisco set to close, following other retailers [FOX Business Network]

Gap, Inc. (The) (GPS) 
Last gap, inc. (the) earnings: 3/12 04:15 pm Check Earnings Report
An Old Navy store in downtown San Francisco will close this summer, adding to the number of retailers in the city that have announced their departures. A spokesperson for Gap Inc., which is headquartered in San Francisco, and owns a number of retailers, including Old Navy, Banana Republic and Athleta, said the Market Street location will close its doors July 1 once its lease expires. Ticker Security Last Change Change % GPS GAP INC. Powered By COSTCO CFO SAYS COMPANY HAS BEEN 'FORTUNATE' TO AVOID THEFT "Old Navy is always evaluating its real estate portfolio to ensure a healthy fleet of stores that can provide the best possible experience for our customers," a company statement said. "Since our Market Street store opened in the 1990s, the way we leverage flagship locations has changed." The company is exploring new downtown locations "will better serve the needs of the business and our customers." "Gap Inc. has deep roots in San Francisco and is committed to Show less Read more
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