Gap gives up bid to reach older shoppers

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! SAN FRANCISCO – Gap Inc. is closing the Forth & Towne chain that was supposed to help the struggling retailer sell more clothes to older women, aborting the 18-month expansion so management can concentrate on reviving the company’s more established brands. The decision affects all 19 Forth & Towne stores, including one in the Westfield Topanga mall in Canoga Park, officials announced Monday. The store closures are expected to be completed by the end of June, jettisoning about 550 jobs and costing about $40 million. Signaling that some layoffs are likely, Gap is budgeting $7 million to cover severance payments and other benefits for former Forth & Towne workers, according to a filing with the Securities and Exchange Commission. Gap hoped to develop Forth & Towne into a specialty channel catering to women older than 35 who grew up in Gap jeans but found themselves sized out of the market in middle age. When it launched Forth & Towne, Gap estimated it only held a 3 percent share of the over-35 female market compared with an 8 percent share of women shoppers under 35. Gap had hoped to woo boomers – who are at the peak of their earnings and spending power – back with a store that combined the service of a boutique, the broad offerings of a department store – and a more forgiving fit.last_img read more

DANIEL’S WIFE REVEALS HE HIDES IN WARDROBE AFTER ROWS!

first_imgDaniel O’Donnell’s wife has revealed he hides in the wardrobe when they have an argument!Majella O’Donnell says the millionaire singer is a practical joker and is a master of defusing the situation when the couple fall out.“A lot of people don’t see the real Daniel. “He is full of fun and does the silliest of things. If we fall out he might have gone into the wardrobe and he’ll say ‘Can I come out now?’“It defuses the situation and he certainly knows what buttons to press with me,” said Majella.Daniel, who turned 50 last week, admits that he almost lost his wife after the couple split up for a while when they were dating.“We broke up for a wee bit. Majella was getting a divorce and I thought ‘can we go on with this? “After we broke up I would find myself saying ‘would Majella like this?’ I thought to myself – why am I fighting this battle when I don’t need to.“I figured out whatever obstacles there would be that we would be able to overcome them and we did,” he said.The couple admit that they also leave little love notes for eachother around their house whenever they are separated for long periods of time.Daniel, who has never smoked or drank alcohol, said he is not bothered about reaching half a century.However he admits he lost a few days off his life when he was breathalysed by the Garda for the first time earlier this year “I was going across a bridge in Kilkenny and there they (the Gardai) were. They looked into the window and they saw me and asked me to blow into the bag.“I was so nervous bowing into it. I was thinking to myself ‘what if this goes wrong?” he laughed.DANIEL’S WIFE REVEALS HE HIDES IN WARDROBE AFTER ROWS! was last modified: December 22nd, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:daniel o’donnellMajella O’Donnelllast_img read more