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Gap to remodel 50 Old Navy stores, open 40 more

June 11, 2009

Reuters: Gap Inc., which operates the Banana Republic, Old Navy and its namesake chains, said it plans to remodel about 50 Old Navy stores in 2009 and open about 40 new franchise stores internationally.

Gap is in the midst of a turnaround effort as it tries to improve its product, stores and merchandising to recapture the loyalty of consumers who have gravitated to rival brands.

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