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.
Parkin to manage smart parking at select Spinneys, Waitrose stores
Parkin has signed an agreement to manage parking facilities at six Spinneys and Waitrose supermarkets across the city, as part of efforts to ease congestion and improve access at busy retail locations.
Meraas unveils expanded residential masterplan for Dubai Design District
Meraas, a member of Dubai Holding Real Estate, has unveiled an expanded residential masterplan for Dubai Design District (d3), transforming it into one of Dubai’s most desirable creative-led waterfront neighbourhoods.
UAE takes over presidency of MENA financial action task force
The UAE has taken over the presidency of the Middle East and North Africa Financial Action Task Force (MENAFATF) for 2026, represented by Hamid Saif AlZaabi.
Dubai ranked world’s third most startup-friendly city in new global index
Dubai has been named the third most startup-friendly city in the world, according to a new global index that measures how well cities support entrepreneurs and early-stage businesses.
OPEC+ keeps oil output steady following steep price drop in 2025
OPEC+ kept oil output unchanged on Sunday, after oil prices fell more than 18 per cent in 2025, their steepest yearly drop since 2020, amid growing oversupply concerns.
