Comment on Why Gap Inc. killed its plans to spin off Old Navy and what it says about fast fashion

Why Gap Inc. killed its plans to spin off Old Navy and what it says about fast fashion

Old Navy, Gap Inc.’s fast fashion brand, has seen declining sales in recent quarters. But that’s not surprising, given that the fast fashion sector is no longer resonating with consumers. The heritage apparel conglomerate Gap Inc.—which owns Gap, Banana Republic, Old Navy, Athleta, and Hill City—has been struggling to find its place in the modern retail landscape for some time.

 

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