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Gap to close 175 stores and cut 250 jobs
2015-06-16 16:57:00| Daily apparel & textile news and comment - from just-style.com
US clothing retailer Gap Inc is to shutter 175 of its namesake stores in the US and axe 250 head office jobs as it tries to increase profitability and speed decision-making at the struggling brand.
Russia to Cut Pipeline Oil Exports, Oil Transit
2015-06-16 16:41:28| Agriculture - Topix.net
Russia plans to cut oil exports by pipeline and oil transit by 0.6 percent to 52.5 million tonnes in the third quarter, quarter-on-quarter, trade sources citing a loading schedule said on Tuesday. The sources, who spoke on condition of anonymity, told Reuters oil exports and transit via the Baltic Sea port of Primorsk were seen rising to 12.4 million tonnes from 12.1 million in the second quarter.
Gap to close 175 stores, cut jobs at headquarters
2015-06-16 04:02:30| Apparel - Topix.net
Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand. REUTERS: Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand.
Twitter Tumbles on Price Cut, Micron Tanks on Downgrade -- Tech Winners & Losers
2015-06-16 01:34:20| Semiconductors - Topix.net
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Gap to close 175 Gap stores in North America and cut 250 corporate jobs to boost brand
2015-06-15 22:42:24| Apparel - Topix.net
Gap plans to close 175 of its namesake stores and 250 jobs at its headquarters as the company tries to strengthen the struggling brand. Gap Inc., which owns Gap, Old Navy and Banana Republic, said Monday it will close about 140 Gap stores in North America in the fiscal year that ends Jan. 31 - and the remainder afterward - based on factors that include location and performance.
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