Mark Kauzlarich | Bloomberg | Getty Images
Pedestrians pass in front of Gap Inc. and Old Navy Inc. stores in the Times Square area of New York.
Gap Inc. said Thursday that it will split into two independent listed companies – one of the old Navy only, and then a company that has not yet been named, which will include other brands such as Banana Republic and Athleta.
This story is evolving. Please check back for updates.