They will be closing hundreds of stores - I am concerned about our store, we are in So Cal. The business is slower and you can notice this. They schedule me for less hours now, Banana Republic used to be very good as it relates to hours (I work at another large retailer too) - now things are bad.
They will be focusing more on the low end, you will see Old Navy grow, especially in Mid West and they will be closing some Gap stores as well.
Overall, it's a bad year - 2017 is bad and 2018 will be even worse. We'll see what happens but the things are not good at all.