Gap outlines global growth plans, may franchise Old Navy

04/17/2013 | Wall Street Journal, The

Gap may franchise Old Navy stores in some markets as it works to expand the global footprint of its brands, a plan also likely to include additional company-owned Old Navy and Banana Republic stores in China, the company said Wednesday. The US-based chain has seen its profits improve for three consecutive quarters as it engineers a turnaround that includes scaling back on brick-and-mortar stores at home and strategically expanding abroad.

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Wall Street Journal, The

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