Gap – To cut 250 jobs at headquarters

Apparel retailer Gap Inc said it would close 175 Gap stores in North America, including 140 this year, and cut about 250 jobs at its headquarters.

The company has been struggling with a persistent slump in sales at its namesake brand.

Chosen excerpts by Job Market Monitor. Read the whole story at REFILE-Gap to close 175 stores, cut 250 jobs at headquarters | Reuters.