Gap Inc says it is shutting 230 of its stores.
The fashion firm also said splitting off its Old Navy brand, which will be a standalone company.
They say it's part of restructuring efforts aimed at "revitalising" the company.
According to latest figures, sales at Gap are continuing to fall while Old Navy's revenues are on the rise.
Dubai real estate sector records robust H1 2026 growth
Dubai’s real estate sector recorded strong growth in the first half of 2026, according to the Dubai Land Department's latest figures.
Nakheel unveils limited collection of Palm Jebel Ali beachfront villas
Nakheel, a member of Dubai Holding Real Estate, has unveiled a limited release of 44 beachfront villas from its Beach & Coral Collections, spanning 10 distinct architectural designs on Frond F at Palm Jebel Ali.
Trump pauses tariffs on Canadian imports, Carney says key work remains
US President Donald Trump announced late on Tuesday he was putting a three-day pause on new 50 per cent tariffs set to go into effect on Canadian goods at midnight, saying the two countries had reached a deal.
Meta trial that could reshape Facebook, Instagram gets underway
A coalition of US states suing Meta Platforms over claims Facebook and Instagram were designed in ways that harmed young users' mental health began making its case on Tuesday in California federal court in a trial that could reshape some of the most popular apps on the planet.
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