HAPPENING NOW:
Gap is closing some stores
Clothing retailer Gap is closing stores in the U.S. and Canada while expanding in China.
The company says it will shut down 189 North American locations by the end of 2013.
At the same time, it plans to triple the number of Gap stores in China to 45 by the end of next year.
In its latest quarter, revenue at Gap’s North American stores fell by 3%.