Gap Inc. to close Banana Republic and Gap stores

By  | 

(NBC) - Some Gap and Banana Republic stores will soon be closing as Gap Inc. shifts its focus.

The company says it’ll close roughly 200 Gap and Banana Republic stores in the next three years.

The company will shift its focus to its growing bands such as Old navy and Athleta and open about 270 of those stores.

Gap Inc says it expects sales at Old Navy to top $10 billion and Athleta sales to exceed one billion dollars over the next few years.