Thread regarding Gap Inc. layoffs

350 Stores to Close

Oh, well... More jobs lost, but we knew this...

  • 350 Gap, Banana Republic stores to shutter by 2024 as parent company exits malls

Gap Inc. is moving away from the nation’s malls.

The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores — or one-third of its store base — by early 2024. That will result in 80% of its remaining Gap stores being in off-mall locations.

As part of its restructuring, Gap Inc. said it also plans to close 130 of its Banana Republic stores in North America in three years.

| 851 views | | 3 replies (last )
Post ID: @OP+17zfNltx

3 replies (most recent on top)

When they say moving away from malls, is this indoor malls or outdoor or both?

Post ID: @qmel+17zfNltx

Gap hasn’t been relevant since the 80s ... it should really shutter everything but Old Navy and even then trim that down to kids apparel.

Post ID: @jics+17zfNltx

yeah and they are also gonna wipe out their Business outside North America, the UK being the biggest

Post ID: @bpei+17zfNltx

Post a reply