Home > Gap's Decision To Spin-Off Old Navy Could Cause A Wave Of Retailers To Follow Suit

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Gap's Decision To Spin-Off Old Navy Could Cause A Wave Of Retailers To Follow Suit

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On Thursday, Gap's announced that it would make Old Navy a separate, publicly traded company. This was a positive development as the company has seen strong sales at Old Navy, but significant weakness in the namesake Gap brand. Now, analyst tell Business Insider, other retailers could follow suit. Last summer VF Corp's decided to spin-off its Lee and Wrangler denim brands into a separate public company. The announcement came as some of its other brands, like Vans and The North Face, were generating more sales than VF Corp's denim businesses.

Added on the 01/03/2019 11:35:43 - Copyright : Wochit

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