• Gap, Banana Republic to close more than 225 stores this year

    Gap, Banana Republic to close more than 225 stores this year

    Gap and Banana Republic will close more than 225 stores worldwide this year as their parent company slims down its brick-and-mortar footprint. Gap Inc’s Thursday announcement suggests it’s closing far more stores than it expected in March, when it said it would end the 2020 fiscal year with about 90 fewer company-operated shops. The San …
  • Beleaguered Subway chain slashes another 150 jobs

    Beleaguered Subway chain slashes another 150 jobs

    Subway slashed 150 jobs this week — the latest in a series of cutbacks at the struggling sandwich chain that kicked off before the coronavirus crushed restaurant sales nationwide. The latest cutbacks add to the 300 people Subway laid off in February amid record store closures that have plagued the company for years. In total, …