The department store chain will not be renewing its four-year deal with the brand.
The plan is to launch 40 Gap stores in the next five years.
Lost revenues take a bit of the $14.5 trillion retail business equivalent to 11.7 percent of sales.
The company expects to save $4.5 million in interest expense this year.
Designer and Luxury
Sébastien Meyer and Arnaud Vaillant will put their own label on hold to focus on Courrèges.
A redefined middle market is changing the retail and fashion apparel landscape.
Mass and Off-Price
The retailer revealed plans to open four off-price stores this fall, called Macy’s Backstage.
Sean "Diddy" Combs unveils his fourth fragrance at Macy's Herald Square.
Nordstrom will begin selling Madewell products in 15 doors and online.
Direct, Internet and Catalogue
Bikini, less than two years after being sold to Remark, recently opened a pop-up at the Wynn Las Vegas
Marketing and Consumer Behavior
As real wages and personal expenditures bounce back after a long, hard winter one recent measure of sentiment contradicts prior reports by showing consumers are pretty upbeat about the economy.