- Gap Global: positive 1 percent versus flat last year
- Banana Republic Global: flat versus positive 1 percent last year
- Old Navy Global: negative 2 percent versus positive 13 percent last year
In memoriam of the brands we lost and those on their way out.
The e-commerce giant has made apparel a strategic focus.
While discount retailers at "C" malls benefit from the recent store closures, leading to lower rent costs, REITs and the malls themselves are in trouble.