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Gap Inc., the parent company of Gap, Republic of Bananas, Old Navy, Athleta and many others, had tumultuous conduct lately. Two of the marks of the company, the navy and the athletation of the company's brands and athlets in the chaos of the pandemic, while two more GAPs and the Republic of Bananas, have flowed at disastrous stockings. In response, the company promised in a commercial appeal this week toClose 100 banana republic stores around the world Focus on their clothing lines more lucrative and their sales online. Learn more about these emblematic closures and for news on a shop that bit the dust during the pandemic,This beloved chain closes all its stores.

Despite their plans ofClose these brick and mortar locations, GAP, Inc. has reasons of optimism, CNBC reports: GAP shares are up 75% in the last 12 months and the marketplace is $ 9.46 billion. Yet the company acknowledged that some of their brands are currently compensating for sale so many.

"Sales of the same store for Athleta athleta's athletic clothing at Athletic Athleta increased by 26% over the year and increased by 7% to Old Navy," reports CNBC. However, gap stores saw sales of the same store digging 6%, while the Republic of Banana dropped by 22%.

It is not just a question of reporting in-store sales that have the name brand of Gap Inc., eager to modify: Online sales of the brand increased by 49% in the quarter ending January 30 and unloading The costly exploitation of brick and mortar the electronic commerce stores can help offset the Company's overall dip.

Already, there are already signs of rebound. Gap, Inc. "has swayed for profit, thanks to its efforts to sell more goods at full prize and progress inSHUTTERING Underperforming store, "CNBC reports, and they are already planning expansion. The company will open between 30 and 40 old Marine Stores, as well as 20 to 30 Athleted Stores worldwide during the 2021. You Ask how other stores are doing in the middle of Covid? Read for more companies that have collapsed during the pandemic and for surprising store closures,This popular beauty brand closes for good.

After a difficult year of sales, the Walt Disney Co. announced on March 3 he plans to close at least 20% of hisDisney Store Locations in an effort toConcentrate on online sales and e-commerce, CNBC reports. Although their plans will increase any of the 600 shopping experiences, the company's offers in Disney parks or partnerships with other major retailers, including the target, they expect Shutter 60 North American stores in the months to come.

"While consumer behavior hasmoved to online purchasesThe global pandemic has changed what consumers expect from a retailer "Stephanie Young, President of consumer products, games and publication, said in a declaration, viaPeople. And for the latest news from the store closure delivered directly to your inbox,Sign up for our daily newsletter.

Iconic lingerie chainVictoria's Secret Had harm before the pandemic, but the last twelve months of temporary closures beat sales. This is why the marks l, his parent company, announced on February 24 which they are consideringClose up to 50 stores before the end of the year,United States today reports.

While the leadership has originally planned to sell the secret of Victoria from their portfolio to New York's Capital-Capital Cabinet, the case has dissolved when the pandemic has struck. And for another major retailer who recently folded,This popular accessory chain has just deposited bankruptcy.

Survive more than three decades in business,FRY electronics Was one of the latest Big Box electronics stores in the game - until recently. Now, the popular channel will close the 31 of its new states stores in the midst of pandemic losses.

The company has announced its projects in February 24Declaration on his website: "Fry's Electronics, Inc. has taken the difficult decision to close its operations and to close its activities permanently as a result of changes in the retail sector and the challenges posed by the Covid-19" pandemic, has announced leadership. "It is hoped that the undertaking that the conduct of this ordered process will reduce costs, avoid additional liabilities, will minimize the impact on our customers, suppliers, owners and associates and maximize the value of the company's assets to its creditors and others stakeholders. "

SameSears and KmartTwo of the main names of the US retail trade, were no match for the economic toll of the pandemic. The two stores, held by the Mother Transforcer, will undergo another series of closures in the coming months, resulting in the disappearance of at least 13 branches by mid-April.

"We have prepared to bring you another season of KMART FUN, but unfortunately, it was not in the cards for us." A KMAR in Silver Springs, Maryland written on his Facebook page. And for more emblematic store closures, This popular clothing store closes at least 200 locations.