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The cocovious pandemicforced several companies To completely get rid of their retail space in 2020, and many other retailers could not stay afloat by considerably reducing their store footprint. Although the situation has improved in several ways since then, companies are now struggling under the weight of inflation, which is currently the highest it has been in the United States for over 40 years.

Large retailers like Walmart and Target have already warned buyersThis growing inflation Could have a serious impact, and many companies do what they can to prevent major losses. A retailer already plans to close the stores this month as part of a larger initiative to adapt to current market conditions. Read more to find out which popular clothing chain will make the location in June.

Read this then:This popular channel closes stores, from today.

Clothing companies have been significant in recent years. In March, H&M announced that he was planning to closeAt least 240 stores This year. At the time, it was reported that the company's world sales were down 11% compared to what they were two years ago just before the pandemic blow, with H&M warning that it had been Strongly affected by the propagation of omicron and the restrictions extended in certain countries.

And just this month, Chico revealed that he would close a total of40 stores this year—The two homonymous stores and the black house black market (WHBM), which was acquired by Chico's in 2003. An analysis by Screen Screen said that closing stores are mainly "sub-performatives, chico's and shops and WHBM based on the shopping center ".

Unfortunately, it is not the only closures that could be affected.

Based on local reports, it seems that Banana Republic is preparing to close at least two locations this month. The retailer store in Commons in North Park in Midland, Texas, isOne of the planned closures, theMidland Reporter-Telegram Reported on June 13. According to the newspaper, a panel outside the store indicates that its last working day will be on June 23.

The other banana republicThe closure is located At the CF Polo Park Mall in Winnipeg, Canada, theWinnipeg Free Press reported on June 14. The newspaper did not give an exact date for this closure, but confirmed that it would occur some time later this month.

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It is probably not the only republican banana closures that will occur in the coming months. In October 2020, Gap, Inc. - which has owned Banana Republic Company since 1983 - announced that it wasPlan to close About 350 GAPS and Banana Republic stores across North America by the end of 2023. This news came after the companypreviously confirmed plans To close more than 225 gap stores and banana in 2020, Business Insider reported at the time.

According to the media, there were 1,216 total spaces of gap and banana republic in the United States and Canada in 2019. But at the end of 2023, it should remain 870 stores. As of June 15, at least 103 Banana Republic stores have been closed since the beginning of 2020, according to GAP data.

Banana banana banana stores that will soon go to Midland and Winnipeg are located in shopping centers. In 2020, GAP confirmed that the closing plans for hundreds of its stores were part of a global initiative to move away from shopping centers. "As a result of this work, our exhibition based on the shopping center will decrease significantly,"Katrina O'Connell, Gap’s financial director, said at a meeting in 2020, by Business Insider.AE0FCC31AE342FD3A1346EBB1F342FCB

A spokesperson for Gap toldWinnipeg Free Press That its closure was part of the work of the company to increase the online demand and examine its real estate imprint. "We remain determined to make appropriate and timely decisions on stores that do not correspond to our vision for the future of Gap Inc," they told the newspaper. At the end of 2023, Gap says that his goal is to have a "smaller and healthier fleet of stores".

Read this then: This emblematic retailer firm more than 70 locations, from now .