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Gap, Old Navy is split, 230 Gap stores to close as business moves online

"Following a comprehensive review of Gap Inc.'s board, it is clear that Old Navy's business model and customers have increasingly diverged from our specialty products, and each business now requires a different strategy to thrive," said Robert Fisher , Gap Inc.'s chairman, in a statement. "To acknowledge it, we determined that the pursuit of a separation is the most compelling …

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Stores are taking steps to support disabled greeters

CLOSE Walmart's "customer services" will still greet customers but have extra and physically demanding responsibilities, which means eliminating greeters. USA TODAY While Walmart is planning to replace his greeters with clientele, stores are "taking concrete steps to support" disabled employees affected by the change, officials told Thursday. Greg Foran, President and CEO of Walmart US, sent a note to all …

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Southwest Airlines is starting to promote Hawaii service one day after receiving FAA approval

Southwest Airlines, which has just managed to fly to the islands on Wednesday, has begun promoting Hawaii California service on its website. CRAIG T. KOJIMA / FEB. 5, 2019 A Southwest Airlines test flight to Hawaii arrives at Daniel K. International Airport on February 5. The Dallas-based airlines removed all regulatory barriers on Wednesday and began marketing their upcoming service …

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Asian markets rise in hopes of trading, MSCI expansion

Asian stocks were mainly higher on Friday after a report suggested that the leaders of China and the United States could approve a trade agreement over several weeks. According to Bloomberg, US officials are preparing a final deal before a summit between President Donald Trump and Chinese leader Xi Jinping, who could take place as soon as mid-March. It cited …

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Tesla drives down the price for Model 3 to $ 35,000

Image copyright Reuters Caption A Tesla Model 3 The car is displayed on Auto China 2018 motor show Tesla has announced it will start selling a version of its model 3 in the US at a price of $ 35,000 (£ 26,400), and finally delivering a promise it made more than two years ago. To get the lowest price "financially …

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Gap to shut shops and hive off Old Navy

Image copyright Getty Images Fashion firm Gap Inc has announced it is cutting 230 stores and splitting off its Old Navy brand, a restructuring aimed at "revitalizing" the company. It emerged as new figures revealed that like-for-like sales at Gap continued to fall while Old Navy's revenue rose Old Navy will be a standard company while a new business, which …

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Billions of Sheldon Adelson has cancer, seeking treatment

Managing Director of Las Vegas Sands Corporation Sheldon Adelson (AP Photo / Andrew Harnik, File) LAS VEGAS (AP) – Casino Magnate and GOP Donor Sheldon Adelson has cancer and has not been at the company's offices in Las Vegas since around Christmas Day. Adelson's poor health was revealed earlier this week by one of the company's lawyers during a one-year-old …

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