Gap will close 200 stores but open 270 Old Navy, Athleta stores

By JOSEPH PISANI and ANNE D’INNOCENZIO
AP Business Writers
NEW YORK — Gap Inc. says it will shift its focus to its growing brands Old Navy and Athleta, and away from the Gap and Banana Republic.
The company said Wednesday it will close about 200 Gap and Banana Republic stores in the next three years and open about 270 Old Navy and Athleta stores during the same period.
Low-priced Old Navy has been a bright spot for the clothing retailer, posting rising sales even as they fell at the