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Gap Set to Close Hundreds of Stores CEO Says Are “Dragging Down the Brand”

Gap will be the latest retailer to cut a slew of stores lacking in the performance department. During a third quarter earnings call Tuesday, Gap Inc. CEO Art Peck said the company will start eliminating underperforming stores in a move he called “overdue.” Starting the call on a high, Peck extolled the well-performing functions of…

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