Gap Inc says it is shutting 230 of its stores.
The fashion firm also said splitting off its Old Navy brand, which will be a standalone company.
They say it's part of restructuring efforts aimed at "revitalising" the company.
According to latest figures, sales at Gap are continuing to fall while Old Navy's revenues are on the rise.
India-New Zealand free trade pact to come into force on October 20
A free trade agreement between India and New Zealand, signed in April, will come into force on October 20, Indian trade minister Piyush Goyal said on Monday, as New Delhi seeks to boost exports and attract investment amid shifts in global trade.
Parkin implements smart parking system at Dubai Health facilities
Parkin has partnered with Dubai Health to implement a smart parking management system across its facilities, with the first phase launched at Rashid Hospital on Monday.
US and China begin talks ahead of Trump-Xi summit
Senior US and Chinese officials began talks in New York on Sunday aimed at preparing potential agreements ahead of a summit between President Donald Trump and Chinese President Xi Jinping this week.
Mohammed bin Rashid Leadership Forum to bring 1,000 leaders to Dubai
The Mohammed bin Rashid Leadership Forum will bring together 1,000 government and private-sector leaders at Dubai World Trade Centre on Wednesday.
Sharjah-Oman logistics corridor handles AED 1.7 billion in cargo
A logistics corridor linking Sharjah and Oman handled around AED 1.7 billion worth of cargo during its first three months of operation.
