Gap gives in to competition in Israel, closing all stores
December 29, 2016
News services in Israel are reporting that the Gap chain will close all seven of its stores in that country. Gap entered the Israeli market in 2009, beginning with stores in Tel Aviv and Jerusalem. Gap currently has about 4,000 stores in 52 countries around the globe.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.