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Gap Inc. Sees Benefits of Store Closings, Digital Growth Focus in Record Revenue

Iconic Retailer Buoyed by Old Navy, Athleta Expansion As It Repositions Other Brands
Gap Inc.'s Old Navy brand continues to generate the bulk of the retailer's total sales as its namesake and Banana Republic brands lag behind. (Getty Images)
Gap Inc.'s Old Navy brand continues to generate the bulk of the retailer's total sales as its namesake and Banana Republic brands lag behind. (Getty Images)
CoStar News
May 28, 2021 | 12:10 AM

Gap Inc. reported its highest quarterly revenue in its history after years of declining sales and store closings, a sign its shifting real estate plan may be paying off.

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