After the market closed Monday, The Gap, Inc. (NYSE:GPS), a global retail company, announced plans to purchase Athleta, Inc., a retailer that specializes in women's sports apparel. The $150 million cash purchase is a strategic move to expand The Gap's market in women's sports clothing and accessories. Athleta will be added to The Gap's online brands to keep up with higher online ordering demand. At the end of the day shares of The Gap were down 27 cents to $18.81.

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