Gap store closures: Retailer announces plans to close stores in UK – 19 stores affected
Retailer Gap today announced plans to close 19 stores across the country. The retailer decided not to extend store leases on July 31 due to an ongoing strategic review. It is the latest blow to the streets of the UK due to the pandemic.
Gap is reportedly closing 19 of its stores across the country, although the locations have not yet been disclosed.
The remaining 50 stand-alone and outlet stores in the UK and Ireland are still under review.
The stores will therefore continue to operate until a decision is made.
As part of the fashion retailer review, it aims to secure a store partnership for every European country in which it operates, including the UK, France, Italy and Ireland.
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Last year he said: “One of the options under consideration is the possible closure of our company-operated Gap stores in the UK, France, Ireland and Italy at the end of the second. quarter in 2021. “
In December, the retailer announced it would close one of its two Oxford Street stores in London.
Today’s announcement puts the risk of further layoffs at stake.
In its heyday, the retailer was one of the most recognized clothing brands in the world, with stores across the globe.
However, a change in consumer behavior as well as stores closed for several months at a time means that many retailers have had to close.
A Gap spokesperson said: “We are proposing to close 19 Gap stores whose leases end at the end of July 2021.
“These leases are not extended due to the strategic review we are having.”
Debenhams announced in May that it would close its remaining 15 stores, shutting the door to more than 200 years of trading on the UK’s shopping streets.
In February, Topshop and three other Arcadia brands closed their doors for good as Asos confirmed it would take over the brands,
At the time, Asos Managing Director Nick Neighton said: “We are extremely proud to be the new owners of the Topshop, Topman, Miss Selfridge and HIIT brands.”
Chocolatier Thorntons has also closed all of its stores in the UK and John Lewis has also been affected, with the retailer closing several stores.
John Lewis has permanently closed eight of his stores since March because they were “in financial difficulty before the pandemic”.
The chain has closed about a third of its stores in less than a year.
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