Is Old Navy Closing Permanently?

Who Founded Old Navy?

Old Navy is an American clothing brand that was started in 1994 by Millard Drexler, the then-CEO of the company Gap.

Who Owns Old Navy?

From 1994, Gap Inc. has been the parent company of both Old Navy and Gap.

Old Navy Financial Performance

Gap has been struggling and investors are starting to lose confidence in the brand. In January 2023, Gap reported a net loss of $273 million for its recent quarter.

Gap Store Closures Cities

- Texas - California - Illinois

Is Old Navy Going Out of Business?

In 2023, Old Navy closed down its flagship locations in San Francisco and Chicago.