Gap Inc’s dependence on its low-end Old Navy line of clothing lessened in the holiday quarter as the apparel retailer managed to better its sales of other brands, helping the company’s same-store sales blow past Wall Street estimates.
Gap’s plan to spend more to bring new styles quicker to stores and
improve its online offerings in a bid to drive traffic and fend off
competition from fast-fashion chains such as H&M and Forever 21 is paying off. . . . more