Store Openings and Closings

As of May 3, 2008, Gap Inc. operated 3,177 store locations, compared with 3,152 store locations last year. The company now expects to open about 115 store locations and to close about 115 store locations in fiscal year 2008. Therefore, the company does not expect any net square footage growth in 2008.

More information about store design and store counts by division can be found in the Real Estate section.

Note: Some of the information on this page contains forward-looking statements.

2008 Expected Store Activity (as of May 3, 2008)

Brand/Division Expected Openings Expected Closings Expected Net Openings/(Closures)
Gap North America* about 15 about 65 (about 50)
International* about 35 about 15 about 20
Old Navy about 30 about 20 about 10
Banana Republic about 35 about 15 about 20
Gap Inc. Total about 115 about 115 flat

*Gap North America includes Gap stores in the U.S. and Canada. International includes our stores in the U.K., France, Ireland and Japan.

Note: Openings and closings include about 15 repositions.