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Less than two months later, the company announced that the total number of stores to be closed by 2024 was 350. (220 Gap stores and 130 Banana Republic stores.) [38] The original plan of the company was to close only 90 stores, however, they expanded the number as a consequence of the financial effects caused by the pandemic restrictions. Most ...
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RMAs may be minimized in a number of ways. Adding a customer survey capability may prevent RMAs by detecting problems in advance of returns. [citation needed] Returns are sometimes minimized by reducing transaction errors prior to the merchandise leaving the seller. [3] Providing additional information to consumers also reduces returns. [4]
The Gap was a resounding success and filed for an IPO in 1973. [2] They went on to purchase Banana Republic , a small, two-store mail-order catalogue business; and also founded Old Navy which reached $1 billion in sales in four years. [ 2 ]
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