Gap Inc says it is shutting 230 of its stores.
The fashion firm also said splitting off its Old Navy brand, which will be a standalone company.
They say it's part of restructuring efforts aimed at "revitalising" the company.
According to latest figures, sales at Gap are continuing to fall while Old Navy's revenues are on the rise.
UAE tightens anti-fraud rules, sets 24-hour deadline to withdraw fake goods
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple facing $2.7 billion UK lawsuit over 'unfair' app tracking rules
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Middle East Energy 2026 opens in Dubai
Middle East Energy 2026 has officially opened at Dubai World Trade Centre, marking the 50th edition of the major regional energy event.
Shein shares slide in Hong Kong debut on worries about trade, regulatory risks
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
DWTC gears up for packed calendar of events and exhibitions
Dubai World Trade Centre (DWTC) is gearing up for a busy September, with 14 major exhibitions and conferences taking place across DWTC and Dubai Exhibition Centre.
Monday Afternoon
Dionela
Dai Dai
Shakira & Burma Boy
Don't Ask Me Why
Dna
Pinoy Expat Corner
Why is it important for them to preserve Ilokano culture and traditions even while living far from the Philippines?
Pinoy Expat Corner
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Pinoy Expat Corner
What is their mission and vision for Filipinas in Sharjah and across the other emirates?
