Gap's Decision To Spin-Off Old Navy Could Cause A Wave Of Retailers To Follow Suit
On Thursday, Gap's announced that it would make Old Navy a separate, publicly traded company.
This was a positive development as the company has seen strong sales at Old Navy, but significant weakness in the namesake Gap brand.
Now, analyst tell Business Insider, other retailers could follow suit.
Last summer VF Corp's decided to spin-off its Lee and Wrangler denim brands into a separate public company.