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Sign of the Times: Gap Inc. Adds 3.4M Online Customers in Third Quarter

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Gap Inc., which recently lost an NYC rent lawsuit, may be considering the sale of its China business, according to Bloomberg News sources.
Gap and Old Navy stores
CREDIT: STRF/STAR MAX/IPx 2020

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Gap Inc. CEO Sonia Syngal said the retailer’s “Power Plan 2023” is leading to jumps in e-commerce and better customer engagement. In a Nutshell: Gap Inc. reported flat sales in the third quarter versus last year, supported by 5 percent growth in comparable sales and a 61 percent increase in online sales, offset by a…

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