[Ques] In 1994, the clothing retailer Gap Warehouse was given which new name?

In 1994, the clothing retailer Gap Warehouse was given which new name?

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In 1993, The Gap turned several of its stores into its new discount-clothing chain, Gap Warehouse. The Gap’s executives quickly determined that the new chain needed its own identity. The Gap’s CEO, Millard Drexler, decided on “Old Navy,” which was the name of a bar he had spotted while walking through the streets of Paris. The first Old Navy store opened in Colma, California in 1994. After just one year in business, Old Navy had opened another 59 stores. In 1997, Old Navy became the first retailer to reach $1 billion in sales in under four years.

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Old Navy:

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