Quote:
Originally Posted by josh_cat_eyes
I heard they want to spin off Old Navy. It’s really the only profitable thing they own. And honestly it’s not like Sears, Payless & Gap we’re thriving. They didn’t adapt to changing markets and so now they are struggling or extinct.
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The split up, which followed a comprehensive board review, come as Old Navy has been thriving, while Gap and Banana Republic have struggled.
So clearly Old Navy is fine they want to seperate their thriving entity from the failures