Say goodbye to Gap and Banana Republic

There are 2,000 Gap and Banana Republic stores across the globe, but declining sales are threatening their places at malls. 'Fast-fashion' retailers like Forever 21 and H&M have proven to be stiff competition. But there's a silver lining with Gap's Old Navy brand, which saw a five percent sales increase over the past month. So, what's the next plan? Gap is playing it safe with Old Navy and Athleta, a women's athletic clothing store. 270 new locations for these stores will be popping up soon, according to a statement from Gap.