175 GAP Stores CLOSING in Canada & USA



Gap Canada has recently announced that the company plans to shut down 175 stores in North America in the company’s namesake store as well as cutting over 250 jobs at its headquarters in an attempt to strengthen the struggling brand. This is the second big closure Gap Inc. has announced this year, following their shut down of Piperlime earlier this year. Gap Inc. owns not only Gap stores, but also Old Navy and Banana Republic. 140 Gap stores will close by January 31, 2016 and the remainder afterwards. The closing stores will mostly be decided by performance and location. The company is also closing an undisclosed amount in Europe.

This latest move is the latest attempt to shake up the struggling company. Following the decision to close Piperlime, Gap has shaken up its management ranks: Art Peck became CEO in February and leadership of the Gap and Banana Republic brands was changed. The company also has been working to overhaul its fashions across all brands to increase appeal.

The HQ job losses will save Gap approximately $25 million per year. The closing stores are responsible for about $300 million per year in sales out of a total $16 billion.

Gap has not mentioned whether the employees in affected stores will be transferred to different locations, or laid off. Gap Factory and Gap Outlet stores will not be affected, nor will Gap’s other brands.

Click here to read more about the Gap Canada closure

2 responses to “175 GAP Stores CLOSING in Canada & USA”

  1. Abby1 says:

    Noooo! Terrible news!

  2. I have an incredibly comfortable pair of jeans from the gap when they used to be almost all cotton! I’ve been looking for more but I stopped going to the Gap when the last time I went in and the jeans had been converted from a comfortable cotton to a very uncomfortable and non well fitting mix of cotton and stretchy stuff! Ugh. Plus I also am a fan of 1930s 1940s style clothing and while I know the Gap is not a retro style clothing store,of course, there used to be more imagination and variety in the styles like the sailor style pants rather than looking like every other trendy and drab lookalikes out there. Go to revamp vintage an be inspired. I would gladly pay more for mostly all cotton jeans again. If they have returned since my last visit then let me know


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