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Turning point as Gap is set to close 200 stores close worldwide According to The Independent, Gap is to close 200 stores worldwide. For four decades it has been the casual clothing purveyor of choice for yummy mummies and off-duty yuppies, catering to fashion-conscious customers with a certain amount of disposable income but, first and foremost, an interest in sartorial pragmatism. No more: Gap is cutting back. In a presentation at a consumer conference, live-streamed on the company's website, chairman and CEO Glenn Murphy has announced that Gap is to close 200 of its 900 worldwide stores by 2013, and focus on modernising its signature look. He also admitted that Gap had not tried hard enough to attract ethnic minority customers in the US. In a masterful attempt at accentuating the positive, Mr Murphy described the brand's repositioning as "a huge opportunity ... to fill in with trend-right products ... and focus on new category development". Marketing will shift, he said, "disproportionately to acquiring new customers". Read more on The Independent iPhone 3G: Got It, Finally.
Well, after having queued up on Friday morning since 8.30am and being 3rd in the queue outside the Middleton Arndale branch of the o2 store, I *finally* managed to bring my iPhone 3G home today (Sunday 13th) at 3.30pm! Massive system problems meant they couldn't credit check customers on the spot, the particular franchise that I'd gone into decided that because of this, they wouldn't be letting customers leave with the phone. Meh! Related topics: top retail franchise a low cost franchise dominos pizza franchise owners open up a franchise nba 09 franchise mode photo studio franchise auto body franchises growth of franchise tire store franchises |