Why Is Gap Spinning Off Old Navy?
Gap (NYSE: GPS) has been closing stores while its Old Navy brand has plans to open around 800 new locations. That's partly why it makes sense for the parent to spin off the brand as its own publicly traded company.
In this segment from Industry Focus: Consumer Goods, Fool.com contributor Daniel Kline joins host Dylan Lewis to discuss why Old Navy has succeeded while Gap has struggled.
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Source Fool.com
