Fashion, store traffic and real estate problems persist, but Gap Inc. pulled off a good fourth quarter in a tough economy, thanks to expense reductions and inventory controls.
And the retailer plans to stick to that agenda this year. In presenting his plan to Wall Street, Glenn Murphy, who joined Gap Inc. as chairman and chief executive officer in August, said the chain will sharply cut back on its North American store-opening program this year and downsize many existing units.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)