Thursday, May 3, 2007

Gap to cut costs, may resort to layoffs

Gap is considering layoffs to cut costs: paper (Reuters)

A model wears a drawstring dress from the Gap Spring 2007 collection. The clothing retailer Gap Inc. is considering sizable layoffs over the next few weeks to cut costs, the New York Post reported on Wednesday, citing three people familiar with the situation. (Handout/Reuters)Reuters - Clothing retailer Gap Inc. is considering sizable layoffs over the next few weeks to cut costs, the New York Post reported on Wednesday, citing three people familiar with the situation.


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