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After closing UK, Ireland stores, Gap might close French stores

After closing UK, Ireland stores, Gap might close French stores
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Gap to close all stores in UK and Ireland

Gap to close all stores in UK and Ireland By Hanna Ziady, CNN Business Published Jul 2, 2021 12:12:10 PM enablePagination: false endIndex: (CNN)  Gap will close all 81 of its stores in the United Kingdom and Ireland by the end of September and go fully online, as the brand adjusts to changes in shopping habits following the pandemic. The American apparel retailer, which owns Old Navy and Banana Republic, said in a statement on Thursday that the closures will affect company-operated stores. It added that plans were also underway to sell its outlets in France and Italy. The retreat follows a strategic review of its European business that began last year with the goal of finding new, more cost-effective ways to serve customers in the region, the company said.

Gap goes online-only in the UK, Primark doubles down on stores - two extremes of omni-channel retail in the Vaccine Economy, but who s right?

Gap goes online-only in the UK, Primark doubles down on stores - two extremes of omni-channel retail in the Vaccine Economy, but who s right?
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Gap to sell stores in France, Italy to cut costs in Europe

By Reuters Staff 1 Min Read FILE PHOTO: A Gap Inc. retail store is shown in La Jolla, California, U.S., May 17, 2017. REUTERS/Mike Blake (Removes extraneous comma in headline) (Reuters) -Gap Inc is in talks with its partners to sell its stores in Italy and France, the U.S. apparel chain said on Wednesday, as it looks to limit its presence to online in Europe and save costs. The retailer is also planning to shut all Gap Specialty and Gap Outlet stores in the United Kingdom and Republic of Ireland by the end of September. Shares of the company rose about 3% in afternoon trading.

Gap Plans To Sell Stores In France And Italy

Gap Plans To Sell Stores In France And Italy SAN FRANCISCO (dpa-AFX) - Gap Inc. (GPS) said Wednesday that it plans to sell its stores in France and Italy. It also plans to close all of its stores in the UK and Ireland and sell its clothes online only. The retailer said it is in negotiations with Hermione People and Brands, the retail branch of FIB Group, to take over Gap stores in France. Gap is in discussions with a partner for the potential acquisition of its stores in Italy. Gap noted that it has proposed to close all company-operated Gap Specialty and Gap Outlet stores in the U.K. and Republic of Ireland in a phased manner from the end of August through the end of September 2021. It is due to market dynamics in the United Kingdom and the Republic of Ireland.

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