This iconic clothing mark begins to close more than 200 stores
The beloved chain could close a store near you.
The scale of the popular clothing brand, which has been a staple in many American cabinets for years, is the most recent company to announce that it isCOVID. The store has more than 3,000 locations in the world, of which more than 2,000 are at the end of August, the gap has published its second-quarter results, which have revealed that they have revealedplanned to close More than 225 Gap Republic and Banana Republic stores in 2020, with additional closures expected next year. And on October 21, Reuters indicated that the gap also consideredClose additional stores in Europe. For more information on GAP struggles, read it and for another store that could not survive the pandemic,This worship favorite stores all the American pitches.
The retailer responsible forFashion Staples And the emblematic logo sweatshirts did not expect to be among the group of companies in difficulty in the middle of Covid.The post of New York reports that return in March, at the beginning of the pandemic, the gap predicted that they would belose about 90 stores During the 2020 fiscal year. But the reality was much climb because the company loses more than twice this number.
Gap Inc. has the gap, the banana republic, athletics and the old marine. According to the second trimester statement, the gap and the Republic of bananas were the main most efficient stores, which made them aware of more closures than the other two. After deciding that the stores would get the ax-several situatedin shopping centers-The company has now put its sites on the shops on the sea.
According to Reuters, Gap had 129 stores in Europe at the end of July, but the company now explores the closure of the sites in the United Kingdom, France, Ireland and Italy by the mid-2021. While the coronavirus pandemic continues to wreak havoc on companies, GAP can continue to hang more closures.
Gap is far from the first brand that has been touched hard in recent months. Continue reading for more stores that have had to close because of COVID, and to watch businesses at the edge of the branch,These beloved shops could be next to close in your city.
1 Neiman Marcus
Neiman Marcus filed forChapter 11 Bankruptcy At the beginning of May and announced, they said goodbye to 22 of their 43 stores. And for a laying, look at the tests brought by the pandemic,60% of these closed companies will never reopen, writes a new report.
2 21st century
On September 10, Century 21 announced that they haddeposited for bankruptcy and would close the 13 locations.
3 Lord & Taylor
The iconic department store announced that they would beget out of business After passing the bankruptcy on August 27th. And for another place, you will not soon visit,This popular gym closes all its locations.
4 Bathtub bed and beyond
On July 8, the superstore of the original property published a statement that they would beClosing 200 stores Over the next two years. And for another store that might miss your next purchase trip, discoverWhich shopping center center can close a store near you.
5 Teenagers
The parent company of Kay, Zales and Jared announced on 9 June that at least 150 US storeswould not be reopened After closing during the Pandemic of Covid. The company also stated aim to close at least 150 additional stores by the end of the year. And for more stores, you should prepare yourself to say goodbye, to check theseBeloved Strip Mall Stores You can never come back.
6 Stein Mart
On August 13, thepopular discount store, which has more than a century, announced that they would beClose the 280 of their stores out of 30 states.
7 Imports of the pier 1
The cured house goods store announced that theydeposited for bankruptcy By mid-May and close all 540 stores. And for more information up to date,Sign up for our daily newsletter.
