Gap To Close Forth & Towne
Monday, February 26, 2007
By Jeanine Poggi
Gap announced on Monday that it will close its Forth & Towne division after an 18-month test drive.
After assessing the store concept, management decided Forth & Towne did not have enough potential to deliver long-term return. Instead, the specialty retailer plans on focusing its attention on turning around its core Gap and Old Navy Brands.
After assessing the store concept, management decided Forth & Towne did not have enough potential to deliver long-term return. Instead, the specialty retailer plans on focusing its attention on turning around its core Gap and Old Navy Brands.
