The Gap Inc. (GPS)

[barnyarddog]

7.40 Gap Inc. Announces Temporary Closure of Stores in North America


SAN FRANCISCO, March 18, 2020 /CNW/ - Gap Inc. (NYSE: GPS) today announced that, as a result of the escalating COVID-19 pandemic, it will temporarily close its Old Navy, Athleta, Banana Republic, Gap, Janie and Jack and Intermix stores across North America, effective March 19.

"Our focus remains on supporting the health and livelihood of our employees, while caring for our customers and communities. We will provide our impacted store employees with pay continuity and benefits during this two-week period. And, together, we look forward to welcoming our customers back in our stores soon."

"To assist the efforts underway to slow the spread of the coronavirus, we are closing all stores in North America for the next two weeks," said Sonia Syngal, incoming CEO, Gap Inc. "Our focus remains on supporting the health and livelihood of our employees, while caring for our customers and communities. We will provide our impacted store employees with pay continuity and benefits during this two-week period. And, together, we look forward to welcoming our customers back in our stores soon."

All of the portfolio's brands continue be available for customers through e-commerce channels: www.oldnavy.com, www.gap.com, www.gapfactory.com, www.bananarepublic.com, www.bananarepublicfactory.com, www.athleta.com, www.janieandjack.com and www.intermix.com,

To follow the latest news from Gap Inc., visit https://corporate.gapinc.com/en-us/news.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Fiscal year 2019 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through company-operated stores, franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.