What brand was founded by Gap as a low-cost alternative to itself?
J.Crew
Old Navy
Lands’ End
Banana Republic
Old Navy was founded by Gap Inc. in 1994 as a low-cost alternative to its flagship brand. The concept behind Old Navy was to offer trendy, stylish clothing and accessories at more affordable prices, catering to a wider audience looking for value without sacrificing fashion. With its vibrant and distinct store design, featuring family-friendly elements like in-store play areas and unique decor, Old Navy quickly became a popular destination for budget-conscious shoppers. The brand has since grown into one of the leading retailers in the United States.
Correct Answer: Old Navy