Old Navy Stores Closing Down

In this economy retail stores are closing instead of new ones opening. Almost no company is seeing growth or expanding their market to new customers. Old Navy stores have seen about 25 store closures this year. However there are more store openings than closures. There have been 30 stores opened since November 1st. That means the company has actually seen an increase of stores over this fiscal year instead of a negative impact of store locations. In North America there have been a lot of closures for Gap. There has been an overall 65 stores closed this year.