The lesson of Gap and J.Crew’s struggles: the middle is nowhere to be stuck

This is not a good time to be in the middle. In nearly every industry, those stuck in the mid-tier are getting squeezed, unable to charge a premium like specialized players and without the scale of the big ones. Retail, not unlike publishing, is seeing this dynamic play out. Look no farther than Gap, a once iconic American retailer that on Monday said it will close a quarter o ...Read the full article