Old Navy Opening a Huge Flagship on Chestnut Street
While Gap is struggling, its sister brand Old Navy continues to thrive, raking in $6 billion in US sales last year alone. And it’s funneling a little bit of its profits into setting down even more roots in Philly.
The company is planning to open a nearly 24,000-square-foot flagship store at 1618-22 Chestnut Street (you know, the gorgeous Art Deco building that’s now home to the Art Institute of Philadelphia). No word on when it’s slated to open, but they have confirmed that they won’t be closing the Gallery location.
Head to our sister blog, Property, for more info. And keep your fingers crossed that they don’t destroy that cool building facade.