Clothing retailer Gap will cut roughly 500 office jobs as it pushes to cut costs in the face of falling sales.

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The move marks the latest shake-up at the company, following the departure of its chief executive this summer after her turnaround efforts flopped.

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Sales at the company, which also owns Banana Republic and Old Navy, are down roughly 10% from a year ago.

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Gap confirmed job cuts at its offices in New York, San Francisco and Asia but declined to comment to the BBC.

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The brand employed roughly 97,000 people at the start of the year, of which about 9% held corporate positions. That would put the cuts at about 5% of staff.

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Some of the reductions in head count will come from open positions, it said.

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It comes after Gap's once celebrated partnership with Kanye West recently came to an unceremonious close.

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There are increasing concerns about the health of the US economy, which has contracted in recent months.

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Other retailers to announce cuts in recent weeks include Walmart, Bed Bath & Beyond and Abercrombie & Fitch.

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Source: BBC

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