In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Stage Stores reported a net loss of US$7.8m, Burlington Stores turned in a sales performance that was below expectations, and Chico's FAS swung to a loss. Meanwhile, Gap has announced the closure of 230 of its namesake brand stores and revealed plans to spin off the group's Old Navy brand into an independent, publicly traded company, and Macy's has outlined a new multi-year programme focused on growing its profitability rate amid lower than expected fourth-quarter results.