It Is Time To Say Goodbye To The Stores Of The Following Big Businesses

Gap

There is a plan to bring down the physical footprint of Gap in the next two years. In October 2020, there were reports that the clothing retailer will close 220 locations in North America. This is part of the plan of the retailer to dissociate from malls and instead prioritize city centers and more profitable areas.

Gap

Banana Republic

Gap Inc. is also the owner of the Banana Republic. The clothing retailer is set to close a number of stores as well. The plan goes that 130 locations will be shuttered by 2023. This is equivalent to around one third of the total number of outlets in North America between Gap and the Banana Republic.

Banana Republic