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Banana Republic was aAstaling in the trunks Since the 1990s. But while consumers have moved away from shopping centers, retailers who made their house, there was a safe blow. In fact, notable companies like Sears, Macy's, JCPENNEY and Dillard have all closed a large number of stores in recent years. And now Gap is preparing to do the same with some of his locations in the Republic of banana. Read more to find out which stores are now confirmed to close next year.

Read this then:Dollar General and Family Dollar are closing stores, from December 3.

Gap Inc. worked to bounce back in the middle of financial problems. The company announced in September 2022 that itWould cut Approximately 500 corporate jobs of its workforce,Wall Street's journal first reported. According to the newspaper, this decision is underway to reduce expenses, because the differences were struggling against the drop in sales and profits.AE0FCC31AE342FD3A1346EBB1F342FCB

"We let our operating costs increase at a faster rate than our sales, and in turn, our profitability", "Bob Martin, Executive President of Gap and Acting Manager, wrote in a service note to employees, according toWall Street's journal. The newspaper indicated that sales of stores for the company were down 10% in the last financial quarter.

But these are not only corporate jobs on blocking. Gap Inc. should also abandon two Banana Republic department stores from its range in the near future. On November 8, theCharlotte Business Journal reported that the Banana Republic in the village of Birkdale in the suburbs of Huntersville in Charlotte will probably close next year. North American Properties, owner of the Birkdale shopping center, confirmed to the newspaper that the GAP store should close its doors when its lease expires in 2023.

"We are still negotiating with the brand that we plan to take up your space and cannot share this information until the lease is executed," said the spokesperson for North American propertiesBritni Johnson said toCharlotte Business Journal.

Gap Inc. also alreadyMake plans to stop Its Banana Republic store in the magnificent Magnifice Mile de Chicago commercial space, the real affair reported on October 12. According to the point of sale, this place will remain open until 2023, but will make its debut when its lease will expire at the beginning of next year.

"Wewere not really surprised, "Brian Hopkins, the alderman of the second district of Chicago, told NBC 5 Chicago. "Their lease appeared and they said:" We are not going to renew. We got out of here. ""

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These upcoming closings may not surprise buyers. After all, Gap Inc. has already closedAbout 100 Banana Republic stores Through North America since 2020. And some retailers' stores have been closed this year.

In June 2022, two stores in the Banana Republicpermanently closed: one in Midland, Texas, and the other in Winnipeg, Canada. Then in Colorado, the Banana Republic at the shopping center in downtown Denver Pavilionsclosed its doors permanently After its last operating day on September 25,The Denver Post reported.

Gap Inc. has also permanently closed its European electronic commerce sites in the Banana Republic this year. According to Just Style, BananarePublic.eu and BananarePublic.ukwere taken offline in May 2022. "Farewell for the moment"The British site now reads. "This website is permanently closed."

The trip will probably not end with the two confirmed closings of the Banana Republic in 2023. Gap Inc. closed stores since 2020, when he announced for the first time plans for a major three -year renovation at his retail footprint. At the time, the company revealed that it planned to close aTotal of 350 retail locations Throughout the North American by the beginning of 2024, reported the Associated Press (AP). This will include the closure of 220 of its homonymous stores and 130 Banana Republic stores, according to the media.

"We are too dependent on low productivity and high -level stores", president and chief executive officer of the GAP brandMark Breitbard said in a 2020 press release. "We have used the last six months to solve real estate problems and accelerate our transition to a real omni model."

On its website, Gap Inc. describes closings as its "Transformation of the North American store fleet" intended to leave the company with a smaller and healthier fleet of stores. "While we adapt to current market conditions and respond to the increase in online demand, we carefully examine our real estate to support the best way to follow," said Gap.