Site icon Digital Commerce 360

Gap renegotiates store rents during reopening

Gap Inc. is in talks with its store landlords and is paying “what we consider fair rent” as the apparel retailer opens back up amid easing COVID-19 restrictions, CEO Sonia Syngal said in an interview. The company, which reported a deep sales decline for the quarter ended May 2, has opened more than 1,500 stores […]

Exit mobile version