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Gap to close 175 stores, cut jobs at headquarters
Yahoo Finance ^

Posted on 06/15/2015 4:06:50 PM PDT by Red in Blue PA

(Reuters) - Apparel retailer Gap Inc (GPS.N) 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.

San Francisco-based Gap also said it would cut 250 jobs at its headquarters.

The company did not say how many employees would be laid off as a result of the store closures. As of Jan. 31, Gap had about 141,000 full- and part-time employees in about 3,700 company-owned and franchise stores worldwide.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: minimumwage; obamalegacy; overpriced; permanentrecession
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It's a Summer of Recovery I tell ya!/s
1 posted on 06/15/2015 4:06:50 PM PDT by Red in Blue PA
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To: Red in Blue PA

....getting ready to send jobs to other countries while our workers get nothing except more taxes, increased health care cost, losing more of our homes, less food in our family mouths...

...sounds good to pass the ttp/tpa bills..../s

...way to demonRATS and GOP....


2 posted on 06/15/2015 4:10:03 PM PDT by HarleyLady27 (Get the USA out of the UN then get the UN out of the USA; send bamaboy back to Kenya ASAP!!!!)
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To: Red in Blue PA

Back in the 1980s, it was The Gap, a record store and then the Orange Julius. Nobody knew what Starbucks was, or even smartphones and MP3s. Now we have to listen to the year 2525 by Zager and Evans and pretend we are impervious to all that it implies.


3 posted on 06/15/2015 4:13:01 PM PDT by SamAdams76
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To: HarleyLady27

Never visited one of there stores, so I can’t comment!


4 posted on 06/15/2015 4:15:06 PM PDT by Red_Devil 232 ((VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!))
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To: Red in Blue PA

This should free up a lot of money in order to pay the remaining employees a living wage.


5 posted on 06/15/2015 4:17:09 PM PDT by Veggie Todd (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
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To: Red in Blue PA

The only pieces of GAP clothing I’ve ever owned...were found at Goodwill or St. Vinnie’s. :)


6 posted on 06/15/2015 4:17:49 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Red in Blue PA

That’s one awesome Economy you have there Barack!


7 posted on 06/15/2015 4:18:24 PM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: Red in Blue PA

If they would have just paid their workers a living wage...........


8 posted on 06/15/2015 4:21:39 PM PDT by umgud (When under attack, victims want 2 things; God & a gun)
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To: Veggie Todd

> This should free up a lot of money in order to pay the remaining employees a living wage.

And Its happening all over the country, too. I wouldlay bets that more businesses have closed or cut back during the last 7 years than they fid duing the Great Depression. He may be trying to set a new record .The enployees should be swimming in money by now...


9 posted on 06/15/2015 4:26:34 PM PDT by jsanders2001
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To: Red in Blue PA

The entire economy is falling into the Gap.


10 posted on 06/15/2015 4:33:07 PM PDT by VanDeKoik
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To: Diana in Wisconsin

Me too!

Garage sales are my Gap outlet.


11 posted on 06/15/2015 4:33:54 PM PDT by VanDeKoik
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To: Red in Blue PA
Gap Radio commercial from the 70s
12 posted on 06/15/2015 4:39:12 PM PDT by P.O.E. (Pray for America)
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To: Red in Blue PA

I buy perfectly good jeans at WALMART for about $15. No need for The Gap.

Take that, LIBERALS.


13 posted on 06/15/2015 4:41:00 PM PDT by BobL (REPUBLICANS - Fight for the WHITE VOTE...and you will win (see my 'about' page))
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To: Red in Blue PA

There will be a half price going-out-of-business sale as soon as the clerks can double mark up the merchandise.


14 posted on 06/15/2015 4:41:50 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: Red_Devil 232; SgtHooper
Never visited one of there stores, so I can’t comment!

sigh. If you don't use 'their', as in 'their stores', then you havta say 'them there' as in 'them there stores' instead.

Sergeant, can you help out here?

15 posted on 06/15/2015 4:47:33 PM PDT by disclaimer
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To: Red in Blue PA

I think everyone here knows what GAP stands for: Gay and Proud. Ironic the HQ is in San Fagcisco.


16 posted on 06/15/2015 5:04:59 PM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: Diana in Wisconsin

I haven’t been to the Gap in like, 7 years, during my college years. My crazy ex-GF kept insisting in it so in I went.


17 posted on 06/15/2015 5:07:21 PM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: Red in Blue PA

Why isnt the homosexual community propping up these places?


18 posted on 06/15/2015 5:20:13 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: VanDeKoik

I nominate your post for Thread Winner.


19 posted on 06/15/2015 5:24:06 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Secret Agent Man; Gamecock; SaveFerris; FredZarguna
Or the racially ambiguous community?

"You mean we're just a couple of white people?" "Yeah, I guess." "Wanna go to the Gap?" "Sure."


20 posted on 06/15/2015 5:24:38 PM PDT by Larry Lucido
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